What is there about October that upsets people and financial markets?
For nearly a century investors get nervous this time of year. Unfortunately watching the market as closely as I do, one would think I would have sold stocks at the first sign of trouble in October. Nope, I expected better from a few of my conservative holdings , but they are not immune ($CVX, $XOM and utility CEFs and ETFs).
My financial and investment musings have been few and far between lately, but while reading Barron's Magazine article this past week, it reminded me that we investors often can look to history for insight.
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Most of us recognized that inflation rocketed as the world attempted to return to normal … it was unnecessarily high. Way too many decisions were made by the Biden administration that amplified the already heavy stimulus checks and spending … and particularly by their attacking the American energy industry (higher energy costs inflate everything).
