Categorized | Definitions, Stock Tips

Buy Stocks in August?





ghost-game-of-thrones

August has been known as the “Ghost Month” in the Stock Market, since historically every August, the market slows down since there are few investors who are doing transactions. This is mainly attributed to the Chinese Investors who does not want to invest or do transactions in the month of August. It is actually a good opportunity for some investors since generally most stocks are cheaper in August.

More info about Chinese Ghost Month
“In Chinese tradition, the fifteenth day of the seventh month in the lunar calendar is called Ghost Day and the seventh month in general is regarded as the Ghost Month, in which ghosts and spirits, including those of the deceased ancestors, come out from the lower realm.”
From: http://en.wikipedia.org/wiki/Ghost_Month

“This makes ghost month a bad time to do activities such as evening strolls, traveling, moving house, or starting a new business.”
From: http://mandarin.about.com/od/festivals/a/ghost_month.htm

“The seventh month in the Chinese calendar is the “Month of the Hungry Ghosts”. Buddhists, Taoists and believers of Chinese folk religions believe that, during the “Ghost Month”, the spirits of the dead wander the earth. During this dangerous time they suspend all important activities and decisions.”
From: http://suite101.com/article/the-chinese-ghost-month-a6221

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