With tongue in cheek, I am pressing my shorts. The monthly effect adage is certainly just for entertainment, even though "sell in May" worked this year. The vacation was nice, but is now over. September was a nice month for anyone who didn't short the market. Now it's September 30th, time for a change in tune and tactic.
Come think about it, if the financial markets can't be counted on to scream bloody murder during October, how do we expect change on November 2nd and thereafter the Fed's meeting to deliver QE2? I'd bet the markets will scream like babies to get what they collectively want. Then, be careful that we get what we wish for.
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