Welcome to November, Slopers!
It wasn’t that long ago that every day, like clockwork, the market would rally for the last half of the day (if not more). I would frequently bemoan this, and folks both here and on Twitter would say something along the lines of, “Well, ya idiot, take advantage of it!” But I never did.
Good thing, too, because this “sure thing” has become a “sure loser” almost every single time. ZeroHedge put together a graph showing (in circles) the end-of-day action, and in almost all cases, it’s down (there are a tiny number, not circled, that are up). It just goes to show that the “easy” answers aren’t always the right ones.