September 4, 2012 Labor Day to End of Year
The DJIA and the S&P500 declined while the NASDAQ moved higher in the first session since the Labor Day Holiday.
Consider what happened to prices between Labor Day and December 31. In the past 12 years, prices declined three times and moved higher in nine other years. In five of those positive runs, gains exceeded five percent.
With this year a presidential election year, note that two of the three losing years occurred while the presidency was at stake. Those losses were substantial, amounting to -13 percent in 2000 and -29 percent in 2008.
DJIA -.42 percent
NASDAQ .26 percent
S&P500 -.12 percent
