More Bears End in October Than Any Other Month

Not all indices have bottomed on the same day for all bear
markets, but the lion’s share, or bear’s share I should say, bottomed in October.

Of the 23 bear markets since WWII 8 have bottomed in October
for DJIA and 7 for S&P 500, 6 for NASDAQ, significantly more than any other
month. Over all three indices, 7 were in midterm October: 1946, 1960, 1966, 1974,
1990, 1998 & 2002.

DJIA October bottoms: 1946, 1957, 1960, 1966, 1987, 1990, 2002
& 2011. S&P October bottoms: 1957, 1960, 1966, 1974, 1990, 2002 & 2011.
NASDAQ October bottoms: 1974, 1987, 1990, 1998, 2002 & 2011.

The month with the next largest amount of bear market lows is
March with 4 for S&P 500 – mostly recently in 2009 and 2020, previously in
1978 & 1980. So, odds are a bottom is near.