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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.
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3Oct2008 | Money Morning | Comments Off | ContinuedHistory suggests that this is just another crisis like many others, and this too shall pass.
The current housing and banking crises are both unique and severe. Billions of dollars of wealth have disappeared over the last year, in some cases in just a matter of days. Companies that have been household names have gone bankrupt, with others on the verge of failing as this article is being written. Make no mistake; these are scary times with both professionals and the public wondering if their money is safe. Is this the end of the U.S. financial system?
Although we cannot predict the future and suspect that anything is possible, history suggests that this is just another…
21Sep2008 | Managing Money | Comments Off | Continued
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