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I. A Month of Opportunities
"The Waste Land" is a poem by T.S. Eliot. It opens with the line, "April is the cruelest month." Apparently, Eliot never managed a stock portfolio. Everyone in the stock market knows that September is the cruelest month for stocks (chart). But when it is a bad month, it tends to create buying opportunities for a year-end rally that often starts in October.
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