august

‘Ghost Month’ in August affecting stocks?

Is the “Ghost Month” to blame for the recent rollercoaster ride in stock markets around the world?

During the first two weeks of August, stock markets worldwide had a freefall, went back up again, slid again, then back up once more. The Dow Jones Industrial Average (DJIA), for example:

  • plummeted 4.31% on August 4 after credit rating agency S&P downgraded the United States
  • declined 5.5% more on August 8
  • bounced back 3.98% on August 9
  • fell another 4.6% on August 10
  • but rose 3.9% on August 11

And it’s probably just starting.

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