Stock market crash oct 9
Wall Street Crash of - Wikipedia
Because that day is Oct. The first was the beginning of the bull market, which occurred on Oct. The second was the ending of that bull market, in They also are on heightened alert for trend changes at any time this month.
But is there any statistical basis for thinking that October, or Oct. Consider first the odds of two major trend changes occurring on the very same day.
World stock markets slide as bad news mounts up | Business | The Guardian
In fact, there should be more than one such day. And sure enough, there are — three more, in fact, besides Oct. Those other days, for those of you who continue to be interested in the numerological dimension of the stock market, are Jan. Consider next the notion that October experiences an above-average number of trend changes.
Of the 69 major trend changes since on the Ned Davis list, nine took place in October. Though that is higher than the monthly average of 5.
What Are the Odds of a Stock Market Crash on Oct. 9?
There are two other months that also were the occasion for nine trend changes each, and an additional one in which eight trend changes occurred. But that has nothing to do with its being October. After all, we have a government shutdown and the prospect of a U. Treasury default, to name just a few things that are going on in the world right now. Those would be reason enough to think the market may turn down; why bring in superstition to explain it?
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