September is fewer than three weeks away. Feeling nervous? Maybe you should be. For investors, the period between Labor Day and Halloween is proving an annual fright show. And no one knows why.
It was, of course, in September last year that Lehman collapsed and everything fell apart. But then it was also September-October 2002 that the last bear market plunged to its lows.
The 1998 financial crisis? It began late August, and rolled on for two months
The famous crash of 1987 came in October. But most people have forgotten that the market actually started sliding downhill in late August. (more…)