An October Surprise? Making Sense of the Market Mayhem!
aswathdamodaran.substack.com
I don't know what it is about October that spooks markets, but it certainly feels like big market corrections happen in the month. As stocks have gone through contortions this month, more down than up, like many of you, I have been looking at my portfolio, wondering whether this is the crash that the market bears have been warning me about since 2012, just a pause in a continuing bull market or perhaps a prognosticator of economic troubles to come. If you are expecting me to give you the answer in this post, I would stop reading, since reading market tea leaves is not my strength. That said, I have been wrestling with what, if anything, I should be doing, as an investor, in response to the market movements. As in previous market crises, I find myself going back to a four-step process that I hope gets me through with my sanity intact.
An October Surprise? Making Sense of the Market Mayhem!
An October Surprise? Making Sense of the…
An October Surprise? Making Sense of the Market Mayhem!
I don't know what it is about October that spooks markets, but it certainly feels like big market corrections happen in the month. As stocks have gone through contortions this month, more down than up, like many of you, I have been looking at my portfolio, wondering whether this is the crash that the market bears have been warning me about since 2012, just a pause in a continuing bull market or perhaps a prognosticator of economic troubles to come. If you are expecting me to give you the answer in this post, I would stop reading, since reading market tea leaves is not my strength. That said, I have been wrestling with what, if anything, I should be doing, as an investor, in response to the market movements. As in previous market crises, I find myself going back to a four-step process that I hope gets me through with my sanity intact.