8 market superstitions: Should you be afraid?
Wall Street traders and investors have had a tumultuous August this year. And they’re ready for a new month to begin. But the new month is September, which can be a difficult time of year. We hear things like: “The back to school trade is always down,” and “Remember September always underperforms.”
Is that a fact or is it just a market superstition?
Fact. September is statistically the worst month of the trading year: The average percent change from 1928 to 2015 is down 1 percent.
So, as we get ready to face September, let’s huddle around the fire pit and talk about some common Wall Street superstitions.
No comments have been added yet.
