Mark Twain effect: Difference between revisions
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In some [[stock market]]s, the '''Mark Twain effect''' is the phenomenon of stock returns in October being lower than in other months.<ref name= "sayings">{{cite news |url= https://economictimes.indiatimes.com/wealth/invest/how-true-are-stock-market-sayings/articleshow/50242837.cms |title=How true are stock market sayings? |work=[[The Economic Times]] |date=December 21, 2015 |access-date=November 23, 2017}}</ref> 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."<ref name= "weekend">{{cite news |url= https://asunow.asu.edu/20170201-discoveries-asu-research-debunks-myth-stock-market-weekend-effect |title=ASU research helps debunk myth of stock market 'weekend effect' |work=[[Arizona State University]] |date=February 1, 2017 |access-date=November 23, 2017}}</ref> |
In some [[stock market]]s, the '''Mark Twain effect''' or '''October Effect''' is the phenomenon of stock returns in October being lower than in other months.<ref name= "sayings">{{cite news |url= https://economictimes.indiatimes.com/wealth/invest/how-true-are-stock-market-sayings/articleshow/50242837.cms |title=How true are stock market sayings? |work=[[The Economic Times]] |date=December 21, 2015 |access-date=November 23, 2017}}</ref> 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."<ref>{{cite book |last1=Twain |first1=Mark |title=The Tragedy of Puddn'head Wilson |date=1894 |publisher=American Publishing Company |location=Hartford, CONN |url=https://gutenberg.org/ebooks/102}}</ref><ref name= "weekend">{{cite news |url= https://asunow.asu.edu/20170201-discoveries-asu-research-debunks-myth-stock-market-weekend-effect |title=ASU research helps debunk myth of stock market 'weekend effect' |work=[[Arizona State University]] |date=February 1, 2017 |access-date=November 23, 2017}}</ref> |
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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 crash]]es which roughly occurred in October. |
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{{dubious|Post-facto attribution}} to an "October effect", as exemplified by the 1929, 1987 and 2008 [[stock market crash]]es which roughly occurred in October. |
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== See also == |
== See also == |
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Revision as of 21:49, 4 October 2023
In some stock markets, the Mark Twain effect or October 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][3]
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[dubious – discuss] to an "October effect", as exemplified by the 1929, 1987 and 2008 stock market crashes which roughly occurred in October.
See also
References
- ^ "How true are stock market sayings?". The Economic Times. December 21, 2015. Retrieved November 23, 2017.
- ^ Twain, Mark (1894). The Tragedy of Puddn'head Wilson. Hartford, CONN: American Publishing Company.
- ^ "ASU research helps debunk myth of stock market 'weekend effect'". Arizona State University. February 1, 2017. Retrieved November 23, 2017.
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