End of a month, the end of a quarter, and only one quarter left in 2021.
Aren’t you glad you don’t pay attention to the mainstream media madness. Not only when it comes to your personal healthcare choices, but your personal finances as well.
Otherwise you’d have been bombarded with a never ending parade of crises du jour to fret about last month. From Delta variants to global supply chain interruptions. From increased Chinese regulations to third-quarter earnings. All while Australia returns to its penal colony roots as we live Florida free.
The market’s 7-month winning streak breaks in September.
The Dow dropping 4.3%.
The S&P 500 off almost 5% for the month, its biggest decline since the start of the pandemic in March of 2020.
Nasdaq slipping 5.3%.
Despite the September slips, the S&P 500 keeps its quarterly win streak alive at six, up two-tenths of a percent for the quarter, and still posting a near 15-percent advance for the year.
Nasdaq and Dow couldn’t keep up, notching their first quarterly downbeats since 2020’s first three-months. Year to date, both still looking good. The Dow just shy of 11-percent so far this year. Nasdaq hitting 12-percent year to date.
October here we come. A month often feared for hosting historical market crashes in 1929, 1987, and 2008. But come on, man. That’s history.
If you’re the fearful sort, here’s the other months to worry about: April, June, January, May, February, November, March, July, September, December, and August.
But we don’t do that. We don’t monitor the market minute by minute. Not even month to month. We’re investors, not traders or speculators.
We believe in capitalism and the free market. We believe the best American companies will continue to innovate as they serve their customers, becoming wildly profitable doing so. And they’ll figure out to do just that no matter the regulations and other obstacles thrown their way.
And we are a part of that as owners of some of the best managed, most successful companies in corporate America and worldwide.