In somewhat of a similar vein to the post on scary charts I came across this piece yesterday –
For the past 40-50 yrs, those years ended with “7?” always spell trouble.
1977? – International Currency Crisis
1987?- Oct 19 Black Monday Crash
1997?- Asia Financial Crisis
2007?- US sub-prime Crisis
2017? – ?
There is a certain silliness on this sort of financial numerology and I understand that certain cultures place a lot of stock in such thing. But then my ancestors used to paint themselves blue and hit each other with bits of bone, something that we have grown out of. However, as with most so called patterns I was intrigued as to what the data actually said, so I generated a list of major financial shocks going back nearly a century. I did this because going back 40 to 50 years is cherry picking as is leaving out most of the events that occurred during that time. I found the following –
As you can see there is no pattern nor are there any magic numbers or dates. This one can go in the same bin as the trope that October is the worst months for the stockmarket.
