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Surprise! Despite its “Black†Reputation, October Isn’t the Worst Month for Stocks.
Fresh off one of the most-volatile months ever for U.S. stocks, investors can’t be happy that they’re facing another October – the poster child for U.S. stock market crashes.
Thanks to the stock market crashes of 1929 and 1987, October has a reputation for being a horrible month for stocks. But once you dig into the data, you find that October’s reputation as the "jinx month" might just be undeserved.
While it’s true that some of the most spectacular crashes in history have occurred in October, the reality is that it’s September that has the worst track record of all for stock-market performance.
Story…
3Oct2008 | Money Morning | Comments Off | ContinuedWhat to do When You’re Screwed
If it hasn’t become blindingly obvious over the past week, the economy is in some serious, serious trouble. A couple of weeks ago I wrote about how the housing crisis had taken its toll on Wall Street, and in the ensuing time it’s become obvious that the housing crisis was a lot worse than I had hoped it would be. The Dow is down, stocks are down, and we have yet to see just how badly shareholders are going to get hit. While I generally comment about stocks you should or shouldn’t be interested in, I’m going to break with…
25Sep2008 | Oxbury Research | Comments Off | ContinuedWe Live In Interesting, Incompetent Times
Epics and Ongoing Busts in the Financial Sector
There may be a major hurricane battering the oil rigs and refineries in the Gulf of Mexico and Texas, but an even bigger one is crushing many of the key banking firms in America.
One is a natural disaster — you can’t blame people for Hurricane Ike unless they’re too stupid to heed storm warnings and get themselves and their families out of danger. But you can definitely blame people — specifically executives and regulators — for the man-made disaster currently engulfing investment banks and the financial sector as a whole.
Hundreds of billions of…
16Sep2008 | Oxbury Research | Comments Off | Continued
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