To The Moon

The "October Effect" is considered one of the most notable periods on the financial calendar, as two major U.S. stock market crashes—October 1929 and October 1987—occurred during this month. Historically, October has shown significant volatility, with the Dow Jones experiencing the highest intraday swings since 1896. According to LPL Financial, since 1950, the market has seen greater than 1% fluctuations in October, more than any other month. $S&P 500(.SPX)$ Although September has recorded the most negative returns over the past 90 years, the events that triggered the 1929 crash and the 1907 panic actually began in September or earlier. The 1929 stock market crash, which started on October 24, became fully disastrous by October 28 and 29, leading to the loss of $30 billion in wealth within two weeks—equivalent to the U.S.’s total spending during World War I. It took until 1954 for the market to recover to pre-crash levels. Similarly, "Black Monday" on October 19, 1987, saw $DJIA(.DJI)$ drop 22.6% in one day, erasing $500 billion in value globally. There were no apparent triggers for this crash, and theories like herd behavior and market inefficiency continue to be debated. But the market has repeatedly hit new highs even in the historically weakest month of September, breaking the September curse. Can the market break the October effect this time? Are you ready for October effect or October high? Which is more possible to happen? What's your trading plan for October? Avoid high volatility or embrace it? Leave your comments or join the topic to win tiger coins~