An Equinox is when, "the tilts of the earths axis are inclined, from neither away from the sun or towards the sun". In sense, what happens is the day time and night time are around the same time length. This happens twice a year, in March and September. This can be scary for the stock market, because the equinox that falls in September generates bad business, on top of the market lows that happen in September.Some believe that this is all speculation talk, but unfortunate actions have took place around that time in previous years, that state otherwise.
One being the New York Stock Exchange great crash in September, 1929, Stocks peaked then came crashing down into an all time low. The stock market also crashed after the September 11th attacks on the world trade center, which doesn't pertain to the equinox, but is a misfortune that happened in the September month. From 1958 to 2008 September has had, " the most declines" and "lowest average returns", said in Dow Jones industrial index.Whether or not these actions that happened in September were routine, or coincidental, facts in reports depict September as the low month, and have reputable facts backing their statements.
No comments:
Post a Comment