October Effect gripping the Financial markets yet again?

For us October is a transitioning month from Fall to Winter with the beautiful colors in the backdrop, but for the Financial markets it has historically been a “scary” month with most of the Market crashes happening in this month. The last couple of days of carnage in the Global equities led by the slide in U.S stocks have pointed towards the correction that many had been anticipating. The bearish sentiment that started yesterday with a drop of more than 800 points in the Dow Jones average continued unabated today with another fall of 500+ points practically erasing all the…...