Fearful September for stocks?

I think this month will be interesting to see. We have had a early Septemeber in August which was a commentary I saw in TechTicker. So....are we going to see a bounce....not really is my thinking although I want to hope otherwise. I will be sorry if it bounced back as I am holding back any new stock buys. Some equities are so hard to resist based on valuations and/or takeover speculations. Goldman Sachs (GS) , Metallico (MEA), JASO and AAPL are some examples. Annaly Capital (NLY) is the greatest dividend player I have just dug up and trying to follow. Gold is not my cup of metal now! Because I think it works okay as an inflation hedge but not quite as a deflation hedge. My gut says we are in for a deflationary trendline for atleast till 2nd quarter of 2011. Home inventories are a big drag in the US which is because of high unemployment. There is no recovery yet in this front. Till we see a quarter of positive employment, equities are risky except for value or dividend stocks not to forget takeover targets. September will be really the month to watch for short term signals. UP in September? I think we should get into the market to reap some 4th quarter "apples". Down in September? Wait for another year.

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