Stocks avoiding September swoon in a big way

[TomCADem]

Source: MSNBC

NEW YORK — U.S. stock investors will head into this week wondering if September will end as strongly as it began for the market, with manufacturing and personal income data among the top indicators on tap.

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Friday's advance left the three major U.S. stock indexes with gains for the fourth week in a row, boosting investors' confidence that the upward move will continue.

The Standard & Poor's 500 index is up 9.5 percent since the end of August. Last week, its move above the 1,130 level on Monday represented a technical breakout that analysts said suggested further gains were likely.

If the rally holds, it will make September the best month for the S&P 500 since at least March 2000, and the best September for stocks since 1939, according to Reuters' data.


Read more: http://www.msnbc.msn.com/id/39368880/ns/business-stocks_and_economy/

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Last month, CNBC types were seizing upon stock market declines as proof that the Obama administration's policies were undermining business. I guess the spin is that the stock market is already anticipating a Republican takeover of Congress?

[Confusious]

1. Well october is coming up

Usual time for them to dive.

[groundloop]

2. The fact is that the economy is improving. GOP hopes nobody notices this fact until after elections

With the improving economic outlook it's inevetible that hiring will follow. Things really are looking up, but the Greedy Obstructionist Party is desparately trying to keep things screwed up until after November so they can take credit.

[okieinpain]

3. now you know that will be the spin, and yes the repugs are praying

that there is no reporting of improving conditions. if anyone does report it they will promptly be shouted down as cheer leading for president obama.