Stocks got off to a great start for the month Thursday, with the Dow posting its largest gain since Sept. 13. After a lousy October, will the market reverse its course and end the month in the black?
November marks the start of the Stock Trader's Almanac "Best Six Months Switching Strategy," which involves investing in the Dow Jones Industrial Average between Nov. 1 and April 30, and switching to fixed income for the other six months.
Since 1950, November has been the second-best month of the year for the S&P 500 and third for the Dow. Historically, it's also the start of the most bullish months of the year, up to April.
In the past 12 years, the Dow posted a gain of 1.24 percent in November, while the S&P 500 and Nasdaq Composite Index have averaged a return of 0.67 percent and 0.22 percent, respectively (The average for the Nasdaq goes up to 2.32 percent, if you exclude the 23 percent drop the index suffered in Nov. 2000 during the "tech bubble" burst).