By Michael Snyder The worst stock market crashes in U.S. history have come during the month of October. There is just something about this time of the year that seems to be conducive to financial panic. For example, on October 28th, 1929 the biggest stock market crash in U.S. history up until that time helped … Continue reading
Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were … Continue reading
Have you heard of the saying “sell in May and go away”? Traditionally, the period from May through October has been a time of weakness for stocks. By Michael Snyder On average stocks hit their lowest point of the year on October 27th. And most people don’t remember this, but the Dow Jones Industrial Average … Continue reading