October Slump: When Markets Drive Themselves

Investors love the idea of being able to predict the future. People who wouldn't be caught dead engaging a roadside psychic or fooling around with tarot cards nevertheless are convinced that some months are "good" for stocks and some months are "bad." We saw this happen once again in October of this year. Pundits far and wide wrote in the late summer and early fall that the market was due to correct, if not crash, in October. How would they know that? They wouldn't, but as it happens three of ...