takes its sorry place alongside other horrific Octobers — those of 1857, 1907, 1929 and 1987. Whether owing to risk aversion, forced liquidation or just panic selling, investors lost their appetite for equities in every market on the planet. The Wall loses a couple of worries, but there are still more than enough to go around. Looking ahead there are concerns about the rebirth of unions, rising credit card delinquencies and the continued missing-in-action status of the “uptick rule” for short-selling. Stay in survival mode, and buy slowly and selectively.
