'OCTOBER EFFECT': Record of market crashes makes it most feared month on financial calendar
FOX Business host Larry Kudlow shreds President Joe Biden's economic policies ahead of the midterm elections on 'Kudlow.'closely, with a history of crashes that have become known as the "October effect" often striking fear that a downturn is on the horizon when autumn weather begins to roll in.
But whether the evidence backs up the idea October should be the most feared month on the financial calendar is a disputed topic. While the month has seen legendary crashes such as the, Black Tuesday, Black Thursday and Black Monday in 1929, and Black Monday in 1987, the overall data points to October being a month just like any other.
The overall data suggest that while October has gotten unlucky with its history of crashes, that may just be the result of bad luck for the month. Antoni pointed out that October's bad reputation may have originated even earlier than the 1907 crash, pointing to the credit crunches of theof the 19th century. Back then, an economy centered around farming had predictable cycles that oftentimes came to a head in October.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Google Pixel 7 October 2022 event: how to watch it and devices to expectAll of the 'Made by Google' army that's descending on October 6.
Leer más »
Cate Blanchett frightens, excites in the trailer for Todd Field's TÁRCate Blanchett frightens and excites in the trailer for Todd Field's TÁR
Leer más »
Will Emily Sisson Try for the American Record at the Chicago Marathon?She already holds the half marathon record. Here’s what she says about her goals for October 9.
Leer más »
US outlines plan for long-term baby formula importsThe FDA said recent entrants to the U.S. market will have until October 2025 to make sure their formulas comply with federal standards for nutrition, labeling and manufacturing.
Leer más »
US outlines plan for long-term baby formula importsThe FDA said recent entrants to the U.S. market will have until October 2025 to make sure their formulas comply with federal standards for nutrition, labeling and manufacturing.
Leer más »