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🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance Find Stocks Now
What Stock Investors Should Know About the October Effect
Wednesday, October 18, 2017
Expert: Alan Greenwald Hosted by: TradeTime- Forex
- CFD
- Technical Analysis
- Volume Analysis
- Beginners
The October Effect refers to the belief that bad things happen to the stock market in October. In 1929, the Great Depression was preceded by several historically bad days in the market, all taking place in October. The Black Monday crash of 1987, in which the market dropped 22%, took place on October 19. On Oct. 9, 2002, the market hit a five-year low point. And the market dropped 16% in October of 2008, the start of the Great Recession.
In this class we will review this effect over the past years and try to decide if it will hold true as we move through the 2nd half of October.
If you sell off in October because you fear a drop, you may miss out on big gains later. December is typically a good month for the stock market, with positive returns two-thirds of the time since 1928. On average, the market in December goes up 1.4%. If you exit the market in October and don't jump back in, you'll miss out.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.
In this class we will review this effect over the past years and try to decide if it will hold true as we move through the 2nd half of October.
If you sell off in October because you fear a drop, you may miss out on big gains later. December is typically a good month for the stock market, with positive returns two-thirds of the time since 1928. On average, the market in December goes up 1.4%. If you exit the market in October and don't jump back in, you'll miss out.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.