The month of September hasn’t lived up to its reputation for historical weakness in the U.S. stock market, which could provide some comfort to superstitious investors looking ahead to October, a month that is notable for some historic crashes and other turmoil.
According to the Stock Trader’s Almanac, October is known as “the jinx month” due to the number of major selloffs that have occurred in the past over the month. There were “crashes in 1929 and 1987,” the Almanac read, along with “the 554-point drop on October 27, 1997, back-to-back massacres in 1978 and 1979, Friday the 13th in 1989, and the meltdown in 2008.”