Tired of August? Well, here comes September. And that’s likely not good news for investors.
Since 1896, September has been the worst month for the Dow (Dow Jones Global Indexes: .djia), with the index posting an average loss of 1 percent.
The average loss stands at 2 percent in the past 12 years.
During that period, there were 5 instances when the Dow fell more than 5 percent in September.
A glimmer of hope? In 5 of the last 7 Septembers the Dow managed finished the month in positive territory (Albeit the other 2 times, the Dow was down a solid -6 percent).
Here is a look at the Dow’s monthly performance: