by Eddy Elfenbein, Crossing Wall Street
We’re nearing the bad time of the year for the stock market. I crunched all the numbers going back to the start of the Dow in 1896, and I found that the index has historically peaked on September 6th. From there, it pulls back an average of 2.51% to October 29th.
Historically, there’s some sluggishness in May, and a drop in early December, but nothing comes close to the September-October slowdown.
As usual, I caution against basing any investment decision on this type of data. I simply think these are interesting trends.
Posted by Eddy Elfenbein on September 3rd, 2013 at 11:11 am
