Seasonal tendencies are one of the weaker indicators, that said, Oct 12th looks like a decent buy in date for those looking to go long the stock market. The simple cliche is sell in May go away until October. It is October, and historically the time between now and January tends to be bullish for equities. The bullish case for stocks would be stronger had there been a September sell off this year.
Other things to look for in October are beat down stocks that are being sold by mutual funds, because their reporting year ends 10/31/07. Many funds sell losers to limit tax liabilities for their investors. I will be compiling a list. Others can look at the 52-week low lists or similar and build their own list. I tend to favor stocks that pay some kind of dividend because that shows more financial stability than stocks that don't. Some companies get in such bad shape they cancel their dividends.
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