Lunar Ghost Month or the Chinese Ghost month tends to occur between August to September for each Calendar year.
With the fledgling author comparing previous 5 year history of PCOMP performance on these dates as shown:
There are far more volatility that had been occurring during these dates as noticed. As provided an opportunity to have a good buy in time versus what Montier would have otherwise stated that exact timing of a 'dip' will be the hardest. The author would rather leave the brief discussion here at the open. Thus closing it with a simple but thoughtful quotes provided by Mark Twain,
"OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February."
And Peter Lynch's,
"Basing a strategy on a maxim is a folly"
"OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February."
And Peter Lynch's,
"Basing a strategy on a maxim is a folly"
References:
1. http://www.lifeiskulayful.com/2014_08_01_archive.html
2. http://chinesenewyearday.com/ChineseGhostMonth.htm
3. Bloomberg.com
1. http://www.lifeiskulayful.com/2014_08_01_archive.html
2. http://chinesenewyearday.com/ChineseGhostMonth.htm
3. Bloomberg.com