COMMENTARY | COLUMNISTS | GEORGE CHAMBERLIN

George Chamberlin's Money in the Morning

Could we please get done with September?! The media, of course, is thrilled with excitement over the deep declines we have seen this month, historically the worst month of the year. Yes, we are officially in correction mode, with the major indexes off more than 10 percent from the most recent highs. But I'm reminded of the adage, "Buy in October, sell in May." For traders -- not investors -- that suggestion has proved very accurate in 2015. Although October is known for its crashes in 1929 and 1987, it really isn't all that bad.

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The Conference Board is out this morning with its consumer confidence index for September and it shows the dramatic difference between Wall Street and Main Street. While investors are nervous and quick to sell, consumers are as optimistic has they have been in the past eight years. Those describing business conditions as good rose from 23.7 percent to 28.0 percent. And, people who believe jobs are plentiful jumped from 22.1 percent to 25.1 percent. Thank goodness most consumers don't watch CNBC.

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The Case/Shiller home price index continues to show housing values are rising at a rate much faster than inflation. Over the past 12 months, prices nationwide are up 4.7 percent and have appreciated 5.4 percent here in San Diego. Most impressive, cities west of the Mississippi have seen the biggest increases in value over the past 15 years. Only Los Angeles (138 percent) and San Francisco (116 percent) have seen long-term gains above San Diego's 115 percent.

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Chipotle Mexican Grill announced yesterday it is returning carnitas to its menu here in San Diego and many other markets. Earlier this year Chipotle pulled the pork product from its menu because the companies providing the meat did not meet certain animal treatment standards. The situation has been improved and they now meet the "pork protocol." Sounds like a good title for the next Jason Bourne move, "The Bourne Pork Protocol."

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I had to double check the date today when I picked up an early cup of coffee this morning at Starbucks. Yes, on Sept. 29 they have already broken out the holiday cups. This one is rather "fallish" but it probably won't been too much longer before the traditional red Christmas cups are available.

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