Written by Joey Frenette at The Motley Fool Canada
Depending on who you ask, September can be a pretty bad month to put new money to work in stocks. Undoubtedly, some truly panic-filled sell-offs happened in the month of September. And while it’s a seasonally unideal time to be a net buyer of stocks, especially with Warren Buffett’s firm recently doing quite a bit of selling, I think it’s a bad idea to base investment decisions on something as arbitrary as what the month is. September may have a bad rap with some, but I don’t think you’ll steer clear of the wreckage by taking a raincheck during the back-to-school season.
With stocks currently recovering from a summer sell-off, I’d argue that the seasonal correction (at least in the Nasdaq 100) has come early this year. And if markets smoothly move past September and election season, look for headlines to focus on the so-called Santa Claus rally….
