Most investors are spooked by the month of October. This is probably especially true now because Europe and America are plagued by huge debts, America has high unemployment, and Greece is at risk of defaulting. Global stock markets have been very volatile and we have seen large plunges in the values of shares this year. The advice about whether to go back into the stock market has also been erratic – some economists think that this is a good time to invest while others recommend waiting.
If investors look at the history of stock market crashes in October, they will probably decide to ‘wait and see.’ The worst crashes occurred in 1929, 1987, and 2008. There was also a mini-crash in 1987. Although some economists have written that share prices often start going up in October, it may be best to remain careful during this month!
The Beginning of the Great Depression in October, 1929
People wanted to enjoy themselves and forget the troubles of The Great War in the 1920’s. Most world economies experienced a boom. Everyone thought that investing in the stock market was the fastest way to become wealthy. Flappers and even shoe-shine boys got loans to invest in shares. The market kept surging until September 1929.
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