October can be spooky for investors — here’s why experts say not to worry

October has a spooky reputation with investors, but experts say there’s no need to fear the stock market. This month has sometimes been horrifying, historically: Over the past century, three of the darkest days on Wall Street all happened during October. That day, now known as “Black Monday,” “was the worst single-day drop, percentage-wise, in history.” There’s another reason October has a bad reputation, says Lambert: “Market volatility, historically, is higher” in October. “Volatility implies


October has a spooky reputation with investors, but experts say there’s no need to fear the stock market. This month has sometimes been horrifying, historically: Over the past century, three of the darkest days on Wall Street all happened during October. That day, now known as “Black Monday,” “was the worst single-day drop, percentage-wise, in history.” There’s another reason October has a bad reputation, says Lambert: “Market volatility, historically, is higher” in October. “Volatility implies
October can be spooky for investors — here’s why experts say not to worry Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, investors, say, spooky, reputation, worst, historically, fear, volatility, worry, great, market, day, heres, lambert, financial, experts


October can be spooky for investors — here's why experts say not to worry

October has a spooky reputation with investors, but experts say there’s no need to fear the stock market.

This month has sometimes been horrifying, historically: Over the past century, three of the darkest days on Wall Street all happened during October.

“The big one is October 1987, when the Dow plunged 22% in a single day,” says Jason Lambert, the president and CEO of Northwest Financial & Tax Solutions, near Portland, Oregon. That day, now known as “Black Monday,” “was the worst single-day drop, percentage-wise, in history.”

The Great Depression began after a market crash in October 1929 and the financial crisis that sparked the Great Recession started with an October market meltdown in 2008.

There’s another reason October has a bad reputation, says Lambert: “Market volatility, historically, is higher” in October. “Volatility implies fear,” he says, “even if it doesn’t mean that the market is moving up or down.”


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, investors, say, spooky, reputation, worst, historically, fear, volatility, worry, great, market, day, heres, lambert, financial, experts


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