September Swoon

Bedell Frazier Investment Counselling

September sure started out with a bang. Not in a good way. The low volume rally into Labor Day proved to be a bit of a sucker's rally as the winds changed towards Autumn. The increased volatility sure has shaken investors out this Summer. Buy-the-dip has worked all year. The 8% August sell-off in the wake of the Japan crash nearly got erased last week as the S&P came within 1% of its all-time highs reached in July. The Dow actually hit new highs. Then September hit...