October can be an unforgiving month.
The terrible stock market crash that signaled the beginning of the Great Depression was in October of 1929.
The stock market crash known as Black Monday was in October of 1987.
In 1997, the Asian financial crisis sparked another stock market crash in… you guessed it—October.
And back in 2007 at the height of the giant bubble that almost brought down the entire financial system, the stock market peaked once again in… October.
It’s not that October is particular cursed. Maybe it’s just a coincidence. But I do find it strangely ominous that asset prices seemed to have peaked last month (October) and have been in decline ever since.