The Ghostly Month

The lunar month of July was the ghost month for Chinese worldwide. In our Gregorian calendar, it was the month of August. Personally, I don’t know why there should still be two calendars. Doesn’t it just create confusion?

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Imaginary Conversation:

Bandwagontrader: What day is today?

Someone: It depends. Are you talking about the lunar calendar or the regular calendar?

Bandwagontrader: Does it mean shortened work weeks?

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Well, in any case, supposedly, trading in the stock market hits a low in the Ghost Month. And if you’re someone who’s active in the market, you’d know that August lived up to that supposed belief.

What’s the Ghost Month? If I’m not mistaken, this is the time of the year, when souls are released from the gates of hell. (Now doesn’t this sound like a good start for a story or what). Try reading this for more info. I didn’t :-D

They aren’t out to steal your profits, these ghosts. But the way the market behaved last month, you’d be like Johnny Blaze. Turning from:

TO

(Although I don’t know which one looks worst)

It was hella bad – with emphasis on the four letter word – HELL. The gates of hell were indeed opened.

Let’s watch out on September 18. Maybe if the FED cuts their rates, the market will cut us some slack.

*Bandwagontrader jumping out*

Pictures are from here.