For most of the month, October was on pace to be the worst month since the Financial Crisis. The rally the last few days brought it up enough to take away that designation, but it was still the worst monthly performance for the S&P 500 since 2011. Corrections
So something happened Wednesday & continued on Thursday. Something that seems to be completely out of the ordinary over the past 10 years of bullish markets. A 3% one-day S&P 500 drop will surely halt the record gains that the economy has been
Which sounds worse?
Dow plummets 800 points
-or-
Stocks decline 3%, still above June levels
Both describe what happened on Wednesday, but I’m guessing nobody’s smart phone was popping with the latter alert. Why would you click on that headline?
Yes, it
Last weekend was the “official” 10 year anniversary of the Great Financial Crisis. (This was when Lehman Brothers failed. Long-time SEM readers know the crisis actually began in 2007 with the failure of a few smaller mortgage brokers.) There has been a plethora of specials surrounding this anniversary.
The S&P 500 on Tuesday briefly eclipsed its all-time high. This led to all-day coverage on CNBC and Bloomberg of this “great feat”, followed by the financial media picking up on this story. I wouldn’t have earned the nickname “Mr. Sunshine” if
