Your Almost Daily Bit of Wall Street Wit & Wisdom

The Stock Trader's Almanac

From the archives: First edition of The Stock Trader’s Almanac, with a note from my dad.

“Perhaps it’s Talmudic wisdom but, selling stocks before the eight-day span of the high holidays has avoided many declines, especially during uncertain times.”
— Jeff Hirsch, The Stock Trader’s Almanac

We shall see if last week’s sharp decline is completely retraced, or if Thursday-Friday’s strong rebound is rebuffed, heading into Yom Kippur.

The important thing to remember with such indicators is, as Richard Russell would say, “It’s the little exceptions that get you.”

Best regards,

Steve

 

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