Halloween Hangover No. 16 — US Keeps Getting All the Treats
Since Oct. 31, 2007, the rest of the world’s markets have come away with the tricks. Looking ahead, it’s hard not to be spooked.
The Halloween sugar high for markets has been in the US since 2007.
Photographer: Daniel Acker/BloombergTo get John Authers' newsletter delivered directly to your inbox, sign up here.
As the world mops up after this year’s night of fancy dress costumes and far too much sugar, it’s worth pondering a Halloween landmark for markets. I have otherwise fond memories of Oct. 31, 2007 — I went trick-or-treating with my then three-year-old daughter and her best friend, both of whom were dressed as Dorothy from the Wizard of Oz, which was fun, and the Red Sox had just won their second World Series of the century. Back in the financial world which I inhabited during my working days, however, it turned out to be a landmark.