{"id":40007,"date":"2018-11-01T07:12:02","date_gmt":"2018-11-01T12:12:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40007"},"modified":"2018-11-01T07:12:02","modified_gmt":"2018-11-01T12:12:02","slug":"red-october-we-just-witnessed-the-worst-month-for-the-sp-500-in-7-years","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40007","title":{"rendered":"\u201cRed October\u201d: We Just Witnessed The Worst Month For The S&P 500 In 7 Years"},"content":{"rendered":"
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\u201cRed October\u201d: We Just Witnessed The Worst Month For The S&P 500 In 7 Years<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>This was an October that many of us will never forget.\u00a0 The month of October is typically the most volatile month of the year for stocks<\/a>, and that was definitely the case in 2018.\u00a0 It was the worst month for the S&P 500 in 7 years, and it was the worst month for the Nasdaq in almost 10 years.\u00a0 But the damage could have been much worse if we had not seen a bounce the last two trading days of the month.\u00a0 On Wednesday, the Dow Jones Industrial Average was up 241 points, and investors are hoping that this is a sign that things are starting to settle down a bit.\u00a0 And hopefully things will be calmer in November, because things were so chaotic in October that the month has already been branded \u201cRed October\u201d by the mainstream media<\/a>\u2026<\/p>\n

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Wall Street finally bid good riddance to what one professional stock investor dubbed \u201cRed October.\u201d<\/strong><\/p>\n

In a tumultuous month marked by big price swings, rising fear levels and emerging risks, the U.S. stock market suffered its biggest October decline since the 2008 financial crisis<\/strong>, prompting shaken investors to reassess the staying power of a bull run that began more than nine years ago.<\/p>\n<\/blockquote>\n

When we go back and look at the month as a whole, the damage is breathtaking.<\/p>\n

Here is a summary of the carnage that we witnessed\u2026<\/p>\n

-October was the worst month for the S&P 500 since September 2011<\/a>.<\/p>\n

-October was the worst month for the Nasdaq since November 2008<\/a>.<\/p>\n

\u2013Nearly 2 trillion dollars<\/a> in U.S. stock market wealth was wiped out.<\/p>\n

-Overall, approximately 8 trillion dollars<\/a> in global stock market wealth was wiped out.<\/p>\n

-October was the worst month ever<\/a> for the \u201cFANG\u201d stocks.<\/p>\n

-Facebook was down 7.7 percent<\/a>.<\/p>\n

-Alphabet (the parent company of Google) was down 9.7 percent<\/a>.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cRed October\u201d: We Just Witnessed The Worst Month For The S&P 500 In 7 Years This was an October that many of us will never forget.\u00a0 The month of October is typically the most volatile month of the year for stocks, and that was definitely the case in 2018.\u00a0 It was the worst month for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,4106,13652,6061,6125,1849,7196,21316,4754,21317,15959,21781,21318,6065,480,488,4427,506,4901,536,9627,21918,6066,20901,1615,6585,1138,4562,3783,21919,2731,16878,21920,5221,753,21921,7452,6540,862,21319],"class_list":["post-40007","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-debt-crisis","tag-earth-changes","tag-financial","tag-financial-marketplace","tag-financial-markets","tag-global-debt-crisis","tag-global-financial-marketplace","tag-global-financial-markets","tag-global-panic","tag-going-into-debt","tag-into-debt","tag-investor-panic","tag-investors","tag-lending","tag-loans","tag-market-volatility","tag-markets","tag-michael-snyder","tag-money","tag-october","tag-october-2018","tag-panic","tag-perfect-storm","tag-spending","tag-stock-bubble","tag-stock-market","tag-stock-market-bubble","tag-stock-market-collapse","tag-stock-market-collapse-2018","tag-stock-market-crash","tag-stock-market-crash-2018","tag-stock-market-volatility","tag-stock-prices","tag-stocks","tag-stocks-are-overvalued","tag-the-economic-collapse-blog","tag-u-s-stocks","tag-war","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40007"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40007\/revisions"}],"predecessor-version":[{"id":40008,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40007\/revisions\/40008"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}