What happened to the market "bogey man" that usually beats up stocks in October?

Indeed, while much is usually made about the dangerous month of October of stocks, nary a word was heard this year.

Why? Simple. The market liked October this year. Liked it a lot.

In fact, October was the salve that healed the market wounds created in September.

Look at the numbers. The Dow Industrials rose nearly 3% for the month. The Nasdaq composite had an even better month, rising a healthy 13% during October.

What is to be learned from all of this? That market myths are just that - myths. Don't buy into the seasonal stuff that you read about the market.

October can be a good month for the market.

As can the other eleven months.

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