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Stocks in October: Trick or Treat?

Coming off the worst quarter for equities in nearly three years, investing pros and advisers are bracing for more turbulence ahead: October has seen some of stock market’s largest single-day drops, but also some of its biggest gains.

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And so it began yesterday, with the Dow Jones Industrial Average plunging more than 250 points to hit a new low for the year. It’s now down 17% from its April high and inching closer to bear-market territory – believed by many analysts to be a decline of 20% or more. Given the strong likelihood of more choppy days ahead, some advisers say they’re stressing to clients the importance of sticking to a disciplined investment strategy, and avoiding any drastic moves based on the market’s ups and downs. “It’s challenging psychologically,” says Brian Kazanchy, an adviser with Regent Atlantic, a wealth management firm in Morristown, N.J.  “But as a rule of thumb, the best investments you ever make are probably when it feels the ugliest.”

Indeed, advisers like Kazanchy says this month’s volatility will test investors’ risk tolerance, or their ability to withstand turbulence without selling in a panic. Historically, October has been one of the bumpiest months of the year: This month claims eight of the 15 biggest single-day drops in the Dow’s history, but also five of its seven best-performing days. “October is a highly volatile month,” says Sam Stovall, chief investment strategist for Standard & Poor’s Equity Research.

As a result, Brett Bartman, a financial adviser with RBC Wealth Management in Beverly Hills, says he isn’t buying or selling any stocks for his clients until he sees a clear signal where the market may be headed. “It could be some event Europe, either positive or negative, that will really drive where we’re going,” says Bartman, who has been holding more cash to scoop up stocks when he believes the market has bottomed out.

To be sure, some investing pros are pulling away from the traditional wait-and-see approach to investing, and are adopting a more timing-oriented approach.

But that strategy, known as “tactical management” in the industry, can be risky. Plenty of research has shown that regular investors tend to get the timing wrong, most of the time. With so much uncertainty, Bartman says sitting tight is still the most prudent strategy. “More stabilization is needed,” he says. “You can’t react quickly enough to this market.”


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    • By WebOsPublisher

      how do I increase the clickable area of an icon in google maps – Stack Overflow
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      how do I increase the clickable area of an icon in google maps
      up vote
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      We are trying to increase the clickable area of a marker on a google map. The reason we want to do that clicking on the icon sometimes misses the anchor point. We rather not reduce the size of the icon size
      We are assuming that one of the properties of the GIcon objects is what we need to change and tried changing the iconAnchor and and infoWindowAnchor property of the GIcon but that doesnt seem to work.
      anyone point us in the right direction?
      share|improve this question
      Jul 4 ’09 at 4:34
      May 20 ’09 at 12:00
      98% accept rate
      4 Answers
      up vote
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      If you have different icons, it’s a good idea to create the imageMap dynamically:
      function getImgSize(imgSrc)
      var newImg = new Image();
      newImg.src = imgSrc;
      var height = newImg.height;
      var width = newImg.width;
      return [height,width];

      var icon = new GIcon(G_DEFAULT_ICON,iconUrl);
      var iconSize = getImgSize(iconUrl);
      icon.iconSize = new GSize(iconSize[1], iconSize[0]); // set icon size
      icon.imageMap = [0,0, icon.iconSize.width,0, icon.iconSize.width,icon.iconSize.height,0,icon.iconSize.height]; // set click area
      icon.shadowSize = new GSize(0, 0); // disable shadow
      share|improve this answer
      Aug 3 ’10 at 11:36
      Marco C.
      up vote
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      I know its been a while but I had the same issue, lets say your icon is 51 pixels wide and 32 pixels tall:
      var baseIcon = new GIcon(G_DEFAULT_ICON);
      baseIcon.imageMap = [0,0 , 51,0, 51,32 , 0,32];
      Basically you’re just inputting x,y co-ordinates
      share|improve this answer
      Nov 2 ’09 at 22:41
      Andrew G. Johnson
      up vote
      down vote
      Reference: code.google.com/apis/maps/documentation/reference.html#GIcon
      iconAnchor and infoWindowAnchor set where in the image the actual point on the map and the info window are respectively.
      If you want a bigger clickable area, you may be able to do something with the imageMap property for non-IE (I’ve never tried). However, I think your best bet would be to define a custom GIcon that uses a larger image(padded with transparent space. Unfortunately, that’s quite a bit of a hack — maybe someone else knows of a better way.
      share|improve this answer
      May 20 ’09 at 12:10
      Jonathan Rupp
      up vote
      down vote
      In the end, we reduced the size of the image. We had not noticed the recommended graphic size was 19×19
      share|improve this answer
      Jun 2 ’09 at 11:25
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