October was a scary month. And we’re not just talking Halloween. But can you breathe a sigh of relief now that it’s over?
Despite the rally in the last days of the month the Dow finished the month down about 13%, making it the worst month since August 1998 and one of the 11th worst months in history.
Black October: Key Dow Stats
-11th Worst Month In History
-At 7882.51 Intraday Low, Down 27% For the Month
-No Two Consecutive Days of Gains (Until October 31st)
Black October: Wacky Milestones
-Eight of the Top Ten Largest Point Swings
-Four of the Top Ten Point Drops
-Three of the Top Ten Point Gains
-Five of the Top Ten Volume days
Dylan Ratigan does not feel we can breathe a sign of relief until we get some questions answered. They follow.
1. What is the SEC's next move?
2. What are the mystery markets worth?
3. What are financial firms real credit exposures?
4. What will happen at Bretton Woods?
5. What's the punishment?
How do you think November will play out? Tell us now.
To hear what the traders have to say about these issues please watch the video