year: Why is that good news Because by dropping in October, the stock market creates the preconditions for a significant rally through the end of the year, according to Market Watch. This year appears to be quite closely following at least the beginnings of that script. The Dow Jones Industrial Average, while ending Thursday well off its early triple-digit decline, fell for the sixth time in nine days to close at its lowest level in 2½ weeks. How big a rally The Dow DJIA, +0.22% over the last 120 years has gained an average of 6.8% from its lowest October close through Dec. 31. To be sure, the exact day of October low is different every year, and is only known after the fact. On an annualized basis, that equivalent to nearly 40%, or four times the stock market long-term average.
(news.financializer.com). As
reported in the news.
Tagged under year, october topics.