Diane Alter: Thanks to two major crashes, October usually is pegged as the worst month for stocks – but that’s not the case.
It’s actually the current month that has delivered the worst performance, leading to the question:Why do stocks fall in September?
Going back to 1929, the S&P 500 averages a 1.1% decline in September. It’s the only month to drop more than 50% of the time, according to Standard & Poor’s research. All other months have positive returns 60% of the time.
September performance for the Dow Jones Industrial Average (INDEXDJX:.DJI) is also dismal.
The Dow has lost an average 1.09% in September since the index started in 1896. That compares to the 0.75% gain in all other months.(...)Click here to continue reading the original ETFDailyNews.com article: Dow Jones Industrial Average: Why September Is Bad For StocksYou are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)