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Holiday (Sep. 2015)

Aug. and Sep. are always good months to be on holiday...

http://www.32red.com/images/Summer-Holiday-Logo.jpg

not only because of the weather, but also because there are several factors, which suggest that the 3rd quarter of the year is the perfect time for European tourists to fly around the world and for investors to partly hedge ones portfolio (or just relax in the hot summer sun).

In 2015, staying away from the markets in Q3 of the year and enjoying the summer sun, would have been the best idea. At least, one should always think about taking some sort of headging measures, if you have a Long-Equities-portfolio.

BTW: I will be back from holiday by the end of this week - starting of fresh and healthy into Q4-2015 ( = far better seasonal track record in the markets)