“Ironically, the DOW is being held back by the consumer defensive issues that are supposed to do better in a slower economic atmosphere, which just goes to show that the market can be an equal opportunity destroyer of wealth when it decides to go down that path. And for what its worth, there is a statistic that says the S&P has gained on average 5% in the fourth quarter after third quarter losses of greater than 8% since 1924.” 

Click here to read the 10-4-11 Daily market notes from Don Selkin