Mark Hulbert: Bull Market May Have Ended Yesterday
Coincidentally, October 9th was a major turning point for the stock market twice in the past decade (October 9, 2002 and October 9, 2007). The analyzer of stock market newsletters, Mark Hulbert, says that date could signal another turn; or probably not.
Citing data from Ned Davis Research, Hulbert goes on to show the statistics behind the “birthday paradox.” There have been 69 major trend changes since 1900; nine of which have occurred in October. While higher than the average, October shows no statistical significance as a trend changing month.
Read more about it at MarketWatch.