Stocks drift lower, finishing worst month since May 2012

Stocks edged lower, extending the biggest monthly slide for the Dow and S&P 500 since May 2012, amid muted readings on consumer spending and income and the potential for U.S. military action against Syria.

But in some of the lowest volume this year, it doesn't make sense to trust the week's moves too much: "It’s like a household when the parents are away, and teenagers are running the show."

Treasuries were confined to a tight range, with the benchmark 10-year yield rising one basis point to 2.77%; Nymex crude lost 1.1% to $107.65.

Now, on to September, historically the worst month of the year for stocks: The Dow has dropped in 67 of 116 Septembers in its history, suffering an average loss of 1.1% during the month.

Comments (6)
  • James A. Kostohryz
    , contributor
    Comments (6338) | Send Message
    It's funny, most articles that cite August as "the worst month since May 2012," don't mention that the decline was -3.1%.


    Sort of indicative of current market psychology, in my view.
    30 Aug 2013, 10:31 PM Reply Like
  • swashplate
    , contributor
    Comments (101) | Send Message
    at the month SEPTEMBER in history. Plus look at 20ma cross 50ma on way to the 200ma.
    31 Aug 2013, 12:04 AM Reply Like
  • jakoba
    , contributor
    Comments (345) | Send Message
    Contrary to May 2012, US this month underperformed much of the rest of the world, and commodities was actually up around 5% (vs down about 15% in May 2012). I think this trend could continue going forward. The global stock market as a whole I don´t think is overpriced (measured against global GDP, credit etc). It is just that some markets and some sectors are priced a bit too high relative to fundamentals, and others too low. So this «misallocation» I think will be somewhat corrected going forward. US stocks could continue to go up, but likely much less than many other markets, and likely less than commodities.
    31 Aug 2013, 07:57 AM Reply Like
  • optionsexpert
    , contributor
    Comments (521) | Send Message
    There's always a bull market somewhere.
    31 Aug 2013, 07:48 PM Reply Like
  • swashplate
    , contributor
    Comments (101) | Send Message
    optionsexpert maybe a bull market in GOLD and SILVER for now? I bought the etf SDOW at the very end of July, because I personally believe now the market will finally dip below the 200 sma. Riding on the bear for now, then after the market crosses below the 200 sma I will look at it then to go back to the bull.
    3 Sep 2013, 05:29 PM Reply Like
  • Tony Pow
    , contributor
    Comments (8197) | Send Message
    Test. Trying to get rid of the comment notification bug.
    5 Sep 2013, 02:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs