![Goldman Warns: Brace For A Volatile October](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2017/09/VolOctober.png?fit=785%2C613&ssl=1)
Goldman Warns: Brace For A Volatile October
If you're long vol. and by extension aren't benefiting from the "stable" carry that accrues to Target managers whose E*Trade accounts are growing exponentially on tiny laptop screens, then you can't blame Donald Trump for your trials and tribulations.
Because by God this President is trying with every orange fiber of his being to engineer some volatility. I mean short of actually nuking a city, there's not much else Trump can do in terms of creating conditions that are conducive to turmoil.
Old Wall Street adage that works:
Sell on Rosh Hashanah (Wednesday, September 20) and buy on Yom Kippur (Saturday, September 30).
Many traders and investors are busy with religious observance and family, positions are closed out and volume fades creating a buying vacuum.