by Greg Guenthner
Daily Reckoning
The craziest month of the trading year is less than 24 hours away…
October is typically viewed as an investor’s worst nightmare. After
all, fall is crash season. Open your history books and you’ll find
plenty of horrifying drops ranging from the 1929 crash that sparked the
Great Depression (Oct. 28-29) to the infamous Black Monday crash in 1987
(Oct. 19).
Yes, October can be volatile. But it’s far from terrifying. In fact,
in more recent history, October has been pretty good to investors…
“Dating back to 1950, October has only been the seventh strongest
month of twelve. In recent years this has changed and moved towards a
much more bullish bias,” explains technical analyst Chad Gassaway.
“Since both 1990 and 2000, October has been the third strongest month
and has averaged returns of 1.48% and 1.27% respectively. Moreover, win
rates have averaged 66.67% and 64.29% over these time periods.”
Continue Reading at DailyReckoning.com…
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