Midterm election year Octobers since 1950:
#1 Dow (2.6%), #1 S&P (2.7%) and #2 NASDAQ (3.1%)
October is a great time to buy. Big October gains 5 yrs 1999–2003 after atrocious Septembers.
Market Charts of Midterm Election Years
“Known as the jinx month because of crashes in 1929 and 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″
| Monday | Tuesday | Wednesday | Thursday | Friday |
|---|---|---|---|---|
| — | — |  | — |  |
| First Trading Day in October, Down Down 9 of Last 16, Off 2.4% in 2011 | Start Looking for MACD BUY Signals on October 1 | Yom Kippur | October Ends Dow and S&P “Worst Six Months” and NASDAQ “Worst Four Months” | Dow Lost 1874 Points (18.2%) on the Week Ending 10-10-2008, Worst Dow Week in the History of Wall Street |
“October has killed many a bear;
Buy techs and small caps and soon wear a grin ear to ear.”