◆ Known as the jinx month because of crashes in 1929, 1987, the 554-point drop on October 27, 1997, back-to-back massacres in 1978 and 1979, Friday the 13th in 1989, and the meltdown in 2008
◆ Yet October is a “bear killer” and turned the tide in 11 post-WWII bear markets: 1946, 1957, 1960, 1962, 1966, 1974, 1987, 1990, 1998, 2001, and 2002
◆ First October Dow top in 2007, 20-year 1987 crash anniversary –2.6%
◆ Worst six months of the year ends with October
◆ No longer worst month
◆ Best Dow, S&P, and NASDAQ month from 1993 to 2007
◆ Pre-presidential elec- tion year Octobers since 1951, rank last across the board; excluding 1987 still near the bottom
◆ October is a great time to buy
◆ Big October gains five years 1999-2003 after atrocious Septembers
http://pragcap.com/october-a-great-time-to-buy-stocks
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