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tdp2664 InvestorPlace Thank goodness September is over. And thank goodness the quarter is over. But the real question investors are asking is, "Will things get any better from here?" First, let's look at the bloodbath that was September: Oil dropped over 10% in September from around $88 to $79 a barrel. Gold fell 10% from around $1,820 to $1,620 per ounce. Blue-chip stocks lost about 6% on the month. The S&P 500 was around 6.7% in the red, the Nasdaq was down 6.2% and the Dow Jones Industrial Average shed 5.6%. The last three months are even bleaker, save for gold : Oil fell from around $96 to tally a 16% slide. Gold was up from about $1,480 to start July to tally a 9% gain. Blue chips lost around 13% on the quarter, with the Dow off 12.1% since June, the Nasdaq down 13% and the S&P down 14.3%. Not a pleasant scenario. Adding insult to injury was that the market didn't just give up its gains in one gut-wrenching slide — nor did we suffer a slow bleed across several weeks. We got a roller-coaster ride in every sense. The chart showed a steep drop right at the beginning, and the momentum of that decline kept the market riding up and down hills for the last month-and-a-half. What's Up in October? InvestorPlace's chief technical analyst, Sam Collins, warned Friday morning that market support was nonexistent and that the major trend was down, down, down. Trading has seemed to prove this out. If you are a super-aggressive type and want to bank that we will see more mayhem, consider the iPath S&P 500 VIX Short-Term Futures ETN
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