Will September 2012 Defy Typical Stock Slumps?
The stock market typically does not fare well during this month
September is that cruelest month for the stock market.
It's the only month that has dropped on average since the Roaring Twenties. Come Monday night, when Wall Streeters shake out the sand from their wingtips—and Long Island Iced Tea from their livers—they will confront no shortage of doubt and risk. Europe isn't solved yet. Neither is that fiscal cliff thing. China's hurting—by extension, so, too, are Brazil and India. Volatility has spiked from recent five-year lows. And the Wall Street Journal is reminding us how this summer ominously resembles the one from 1987, when Madonna summed up the brewing disillusionment of a nation by pondering, "¿Quién es esa niña?"
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?