Today has been a very good day for me. I have earned fifty dollars on HIPPO.
The Myth .October is considered a dangerous month due to a few major historical crashes (like 1929 and 1987). This is known as the "October Effect."
The Reality
Statistically October has actually been a positive month on average. Historically, September has performed worse.
Key Identity...
The month is known for high volatility and is also nicknamed the "bear market killer," as many downturns have ended and reversed into bull runs during October.
In short, the fear of October is psychological, not factual. Investment decisions should be based on research and data, not superstition
The Myth .October is considered a dangerous month due to a few major historical crashes (like 1929 and 1987). This is known as the "October Effect."
The Reality
Statistically October has actually been a positive month on average. Historically, September has performed worse.
Key Identity...
The month is known for high volatility and is also nicknamed the "bear market killer," as many downturns have ended and reversed into bull runs during October.
In short, the fear of October is psychological, not factual. Investment decisions should be based on research and data, not superstition