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Market Tops and Bottoms Since 1950: The October Effect

From dshort.com - Advisor Perspectives
October 9, 2014 - 11:42am

October 9th, 2014 Doug Short We're now at an early point in the Q3 2014 earnings season, which happens, of course, in October, historically the most volatile month in the U.S. stock market. Let's step for a moment into the realm of market trivia and consider the October Effect in the stock market. In the S&P 500, October is the month that has, by far, hosted the most major market bottoms -- five of the ten in the chart below. As for market tops, October has hosted only one since 1950, the high on October 9, 2007 -- the seventh anniversary of which we celebrate today. More…

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