彻底牛?TOO LATE! DOG days ahead.

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Trading the market's dog days-don't get burned
By Patti Domm  | CNBC – Fri, Aug 2, 2013 9:02 PM EDT.

It's August - officially the dog days of summer - a time when market volatility picks up and stocks have been known to wilt.
In summers like this one, where July was a positive month for stocks, the Dow (Dow Jones Global Indexes: .DJI) has been down 53 percent of the time for the month of August. But with stocks sitting at all-time highs and no big catalysts in sight for the next few weeks, strategists are talking more about a sideways trade than a big move up or down, barring any unexpected macro event.


The coming week should be low on drama after the past week's  Federal Reserve meeting ,  July payrolls  and  earnings bonanza .

I don't think we're going to have a big correction, but we could go sideways or slightly down and correct a bit," said Andrew Burkly, head of institutional portfolio strategy at Oppenheimer Asset Management. "I wouldn't be adding here. I'd be a little more cautious here for a couple of weeks until we get more clarity on the September (jobs) number."

Gina Martin Adams, institutional strategist at Wells Fargo Securities, has a more bearish view. She said the market is being driven by fewer stocks, as investors focus on special situations and earnings and that will hold it back. "With the overhang of a potential shift in Fed policy come September, and not a lot of consequential change in the economic landscape, investors are not compelled to do much in either direction," she said. "That creates a risk in and of itself...unless there's some shock data, that comes out in one direction or other, it's hard to imagine the market spontaneously combusting or exploding higher."