Red October
October 11, 2008 by Tisa Silver
Filed under Investing
The most terrible days on the market are referred to as Black Monday and Black Thursday. In accounting and finance, “in the black” is a good thing. So, for me this label is a bit counterintuitive. After all, the biggest shopping day of the year is called Black Friday because huge sales on this day push many retailers from the red (losses) into the black (profits).
I think red is more fitting and right now we are approaching the middle of what I will call Red October.
Historically speaking, October is a pretty tough month for stocks. The two largest crashes on record both occured in October. …read more
