October Stock Market Crashes
October 1, 2024
A historic perspective.
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October can be tough on the stock market. Known as the “October Effect,” it is the perception that stocks tend to decline during October. It is considered by many to be an investor psychological hurdle rather than a statistic phenomenon. In any case, it is something that can have real outcomes and worth being aware of should markets start dramatic price swings. On Black Monday in 1987, I was working as a stockbroker at Kidder Peabody & Company and had the chore of reporting markets for a local radio station that day. From that experience, I can assure you that it felt very real.
Courtesy of Investopedia, here are some of the largest historical crashes that happened during this month:
Black Tuesday (1929)
Black Thursday (1929)
Black Monday (1929)
Black Monday (1987)
Please keep in mind this information should not be considered as financial advice. Investment decisions should be based on individual research and consultation with a qualified financial professional. The value of investments can fluctuate, and past performance is not indicative of future results. Always consider your risk tolerance and financial goals before making investment decisions.
