Late-July Is Rarely Pleasant For Stocks

Market's annual and short-term patterns have held so far this year. What's next? Some of the declines in the second half of July have been notable. Last year certainly was. After a summer rally from June into mid-July last year, the market topped out on July 22 and the S&P 500 lost 18% over the next three weeks.

Source: http://www.forbes.com/sites/greatspeculations/2012/07/23/late-july-is-rarely-pleasant-for-stocks/

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