Time for our annual look at the September-October time period, which is known for historic market bottoms, tops, and crashes. Just in the past ten years, the S&P 500 hit a key cycle low of 776 on Oct. 9, 2002, and then exactly five years later, Oct. 9, 2007, hit its all-time high of 1565; the latter a figure that may take awhile to surpass given today’s S&P at around 1100, after bottoming at 676, March 9, 2009, on a closing basis.
Since 1950, though, specifically Jan. 1950-April 2009, September was up just 25 times and down 33, when it comes to the S&P 500, with an average decline of 0.7%, the worst month for the index. October, though, despite high-profile crashes in 1929 and 1987, for starters, is up an average 0.6% over the same period, with 35 up and 24 down.
Nasdaq, which had its inception in January 1971, has witnessed an average return of -1.0% for September thru 4/09, while October is up 0.3%.
S&P 500 monthly percentage returns…September… October
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Wall Street History
08/27/2010
September and October
Time for our annual look at the September-October time period, which is known for historic market bottoms, tops, and crashes. Just in the past ten years, the S&P 500 hit a key cycle low of 776 on Oct. 9, 2002, and then exactly five years later, Oct. 9, 2007, hit its all-time high of 1565; the latter a figure that may take awhile to surpass given today’s S&P at around 1100, after bottoming at 676, March 9, 2009, on a closing basis.
Since 1950, though, specifically Jan. 1950-April 2009, September was up just 25 times and down 33, when it comes to the S&P 500, with an average decline of 0.7%, the worst month for the index. October, though, despite high-profile crashes in 1929 and 1987, for starters, is up an average 0.6% over the same period, with 35 up and 24 down.
Nasdaq, which had its inception in January 1971, has witnessed an average return of -1.0% for September thru 4/09, while October is up 0.3%.
S&P 500 monthly percentage returns…September… October
