Updates in October

The market has been steady since July. Went up and came down and went up and came down but overall the monthly returns have been good. It broke lots of records and there is a certain volatility these days in the run up to the elections due to uncertainity. This is expected but the 100-200 points are becoming rather normal - ideal for the swing traders. Fedex keeps going up for no reason. There is no major revenues posted or profits had. But wall street keeps putting them very low thresholds to cross and obviously they beat that expectations and the result is $10 pop up in shares in last two years now. For such a large company, it is rather behaving as if it is Berkshire Hathaway on steroids. Tech companies continue their upward swings are prime suited for bubble territory. Who would have thought FB going to 130 from 40 ( to 20 ) ?? Google or Apple or rest are all in good stead. Same with bio and utility stocks. Rather than following any individual ones, better to stick with the indexes though everything is pricey for now. I think the best bet would be to keep piling cash and putting the money in high interest savings or money market accounts or CD or really anything that the cash will make money on. Post elections, there are going to be downswings. The data seems to be on the bad side. Employment figures are a bit all over and there is legit concern that automation and not outsourcing or offshoring or immigrants are going to be a challenge for the employees. But that is just general part of the cycle. 

With elections around the corner, there is a lot of unpredictability. With two unpopular candidates this is rather a very different election than anything in recent memory or in the past 30-40 years. But by all account, the world has changed a lot and with the penetration of technology and internet, this is an election with different rules. It would be interesting to see how this all plays out.