So, another day of the same thing in the stock market. Possibilities? Maybe the market is setting up for a sell the news sell-off with GOP wins on Tuesday. Or, maybe after a huge run, the market is just pausing before making another leg up. In either case, we are at the end of month/beginning of month when money is automatically dollar-cost averaged into the market. Assuming folks aren’t putting all their money into the bond market. So, if the pattern holds, there should be some support to ward off the sellers.
I remain 100% long, but watching. The Black Box is still on a sell, but I’m looking the other way!
Market seasonality, from Mark Hulbert:
Did you sell in May and go away?
If so, and you’re a follower of the seasonal pattern known as the Halloween Indicator, now is the time to get back into the stock market.
But how strong is this pattern, really? How can we know for sure that it genuinely exists, and is not just a statistical fluke?
Click the link, but this is the beginning of the favorable season in the market. Of course, usually the market is near or retesting a previous low about this time. Instead, we’re near the highs of the Sept-Oct rally!
Business bets big on Carly Fiorina:
If former Hewlett Packard CEO Carly Fiorina's bid to become the next senator from California succeeds, she will owe a giant "thank you" to the U.S. Chamber of Commerce.
The Chamber has pumped $4.9 million into the California Senate race to help Fiorina, a Republican, defeat Democratic Sen. Barbara Boxer, according to the Sunlight Foundation, a nonprofit that advocates for transparency in government.
The Chamber, a business federation located just steps from the White House, is categorized as a 501(c)(6) trade association. Under this year's revamped spending laws, the Chamber is ramping up its independent spending nationwide.
Hello, fool. Hello, money. Polls have Boxer up over Carly. Had to get that last paragraph in, as some Democrats are howling mad about it. But I suppose union money is okay, right?
I’ve talked about Redbox on the AudioBoos and in the blog, but did you see their stock (Coinstar) after earnings?
Coinstar's revenue leaped 42% over last year to $380.2 million, driven by Redbox's 54.2% growth to almost $306 million.
…
Customers have responded well to the DVD vending machine model. Redbox movies rent for just $1 a day plus tax, and the company announced in September that it had rented its 1 billionth movie.
Yes, a lot of folks are going to streaming content from the internet. But a lot of folks are just lining up in front of the big red box, too.