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8 market superstitions: Should you be afraid?

Wall Street traders and investors have had a tumultuous August this year. And they’re ready for a new month to begin. But the new month is September, which can be a difficult time of year. We hear things like: “The back to school trade is always down,” and “Remember September always underperforms.”

Is that a fact or is it just a market superstition?

Fact. September is statistically the worst month of the trading year: The average percent change from 1928 to 2015 is down 1 percent.

So, as we get ready to face September, let’s huddle around the fire pit and talk about some common Wall Street superstitions.

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