September stock crash or correction? - Page 2

Aug 24th, 2021 10:06 pm

#21

RFD11111: Member; Jun 20, 2015; 236 posts; 136 upvotes

Aug 24th, 2021 10:06 pm

UrbanPoet wrote: ↑ Did he really say that? What an interesting cultural icon that mark twain. Is that even his real name

“Samuel Langhorne Clemens (November 30, 1835 – April 21, 1910),[1] known by his pen name Mark Twain, was an American writer, humorist, entrepreneur, publisher, and lecturer. He was lauded as the "greatest humorist the United States has produced,"[ - -Wikipedia

In some stock markets, the Mark Twain effect is the phenomenon of stock returns in October being lower than in other months.[1] The name comes from a line in Mark Twain's Pudd'nhead Wilson: "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."[2]
The quotation is a sarcastic assertion that speculation in stocks is always dangerous. The fact that Twain specifically picks out October initially is taken as a reference to an "October effect", as exemplified by the 1929, 1987 and 2008 stock market crashes which roughly occurred in October.
https://en.wikipedia.org/wiki/Mark_Twai ... -weekend-2

Aug 24th, 2021 10:10 pm

#22

Quentin5: Deal Expert; Feb 8, 2014; 27019 posts; 11460 upvotes; Socially Distanced

Aug 24th, 2021 10:10 pm

tester85 wrote: ↑ I heard from people that stock may crash by next month? is this true?

All stocks are A.T.H; feds keeps printing money because of Covid, and inflation. -more money being flown away from stocks and pushed into crypto.

it it does happen, it seems to be next month.

is this true? is there going to be correction coming up soon?

A bunch of easy answers leading to an idiotic conclusion

How many times do we need to see this pattern repeat before we realize that a bunch of slogans that ignore how things really work are unreliable?

Will the market fall someday, sure it will, thats the nature of markets. Will it be on a predictable schedule. Not likely.

In fact in Rand McNally they wear hats on their feet and hamburgers eat people

+1

Aug 24th, 2021 10:21 pm

#23

smartie: Deal Guru; Dec 5, 2006; 13453 posts; 8832 upvotes; Markham

Aug 24th, 2021 10:21 pm

RFD11111 wrote: ↑ “Samuel Langhorne Clemens (November 30, 1835 – April 21, 1910),[1] known by his pen name Mark Twain, was an American writer, humorist, entrepreneur, publisher, and lecturer. He was lauded as the "greatest humorist the United States has produced,"[ - -Wikipedia

In some stock markets, the Mark Twain effect is the phenomenon of stock returns in October being lower than in other months.[1] The name comes from a line in Mark Twain's Pudd'nhead Wilson: "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."[2]
The quotation is a sarcastic assertion that speculation in stocks is always dangerous. The fact that Twain specifically picks out October initially is taken as a reference to an "October effect", as exemplified by the 1929, 1987 and 2008 stock market crashes which roughly occurred in October.
https://en.wikipedia.org/wiki/Mark_Twai ... -weekend-2

I'd like ask him whether the degree of danger is in that particular order - October, July, January, September, April, November, May, March, June, December, August, and February

Aug 24th, 2021 10:27 pm

#24

Janus2faced: Deal Addict; Dec 8, 2020; 1145 posts; 1293 upvotes; West Rouge, Ontario

Aug 24th, 2021 10:27 pm

RFD11111 wrote: ↑ “Samuel Langhorne Clemens (November 30, 1835 – April 21, 1910),[1] known by his pen name Mark Twain, was an American writer, humorist, entrepreneur, publisher, and lecturer. He was lauded as the "greatest humorist the United States has produced,"[ - -Wikipedia

The fact that Twain specifically picks out October initially is taken as a reference to an "October effect", as exemplified by the 1929, 1987 and 2008 stock market crashes which roughly occurred in October.

^^^ makes sense, so lets see if the Mark Twain almanac is right in 2021.

Kua tae ahau ki konei, ki reira me nga waahi katoa

Aug 25th, 2021 10:57 am

#25

Kurtz7834: Deal Expert; Oct 27, 2003; 16816 posts; 7495 upvotes; Toronto

Aug 25th, 2021 10:57 am

If it could be easily predicted that the market would fall in September, everybody would sell in August. Perhaps that has already happened, as some sectors such as Energy have been hit very hard.

Aug 25th, 2021 12:29 pm

#26

mb7057: Jr. Member; Jan 9, 2016; 199 posts; 162 upvotes; Oakville, ON

Aug 25th, 2021 12:29 pm

The more the people speculate that its going to crash the higher the market will go. I don't think the majority is right ever about a crash.

https://money.cnn.com/data/fear-and-greed/

Invest in good companies not stocks and you will be fine. And always have some cash to buy the dip/correction.

+1

Aug 25th, 2021 1:13 pm

#27

zajacik99: Member; Apr 13, 2009; 453 posts; 354 upvotes; Toronto

Aug 25th, 2021 1:13 pm

"People" are right, crash is coming on September 17th at 11:42

Aug 25th, 2021 1:37 pm

#28

smartie: Deal Guru; Dec 5, 2006; 13453 posts; 8832 upvotes; Markham

Aug 25th, 2021 1:37 pm

I only need AXP and BLK crash to build positions

+1

Aug 25th, 2021 1:56 pm

#29

DarekP84312: Member; Jun 28, 2018; 353 posts; 420 upvotes; Aurora, Ontario

Aug 25th, 2021 1:56 pm

I wouldn't say a crash but we can see a bit of a pull back 10-15%. That's exactly what happened last year. Also, expect COVID numbers to shoot up once schools reopen and this will spook some people. I also suspect that if Liberals get majority CAD will tank some more relative to USD. Of course this is all just speculation on my part.

I would say that if you need the money in the next year maybe take profits now and sleep easy but if you're not touching the money for a while might as well ride it out.

+3

Aug 25th, 2021 9:33 pm

#30

ChippewaBarr: Deal Addict; Sep 7, 2014; 2044 posts; 3199 upvotes; Onterrible

Aug 25th, 2021 9:33 pm

I'd love another crash or at least a huge correction.

Basically made my yearly salary except in 4 months from March 2020 to July 2020.

Historically (means nothing) September is a slump month for stocks, plus I believe the US Fed will be tapering their buying around then according to financial sector.

Also, who the F knows lol

+1

Aug 25th, 2021 11:18 pm

#31

FrugalGambler: Newbie; Mar 2, 2021; 65 posts; 79 upvotes

Aug 25th, 2021 11:18 pm

Remember late 2018 when the market started plummeting after the FED started tapering. They had to reverse course very quickly, and the market shot back up. During the COVID crash of 2020, the FED even mentioned the possibility of buying ETFs to "stabilize" financial markets.. They have had our backs for the last 12 years. Why should they stop now?