about the October Effect?
> October has a reputation of being one of the scaries st months for investors. So me of the bigges st stock market t crashes in his story happened in this month.
Experts arg gue that the so-calledc “October Effe ect” has more to do withw psychologica al expectations than an actual phenomenon.n
> The Panic of 1907 was a US financial crisis that began in midOctober when the New York Stock Exchange slumped 50% from its peak just a year earlier. One of the largest trust companies in the country was suspended, triggering nationwide fears and massive cash withdrawals from New York City banks.
> The Great Crash, or the Stock Market Crash of 1929, began on Oct 24 (Black Thursday) – the first day of panic selling that devastated the market. It signalled the beginning of the 12-year Great Depression.
> Black Monday refers to Oct 19, 1987, when stock markets around the world plunged in a sudden financial meltdown.
It started in Hong Kong before spreading westward, hitting bourses like dominoes.
The US Dow Jones Industrial Average suffered its biggestg percentage loss (22%) in history that day. > The Asian economic crisis erupted in July 1997 and quickly raised fears of a global meltdown. On Oct 27, the Hang Seng Index in Hong Kong plunged 6%.
In the United States, the Dow fell 350 points to trigger a 30-minute halt in trading. > The global financial crisis in 2008 is considered one of the worst since the Great Depression.
In began in 2007 with the US sub-prime mortgage crisis. Within a year, it became a full-blown global banking crisis. Markets around the world took a battering.
On Oct 6, the Dow dropped 800 points, closing below 10,000 for the first time since 2004 2004.