Here’s Why the Dow is Shocking October Historians

The Dow Jones Industrial Average (NYSE:DIA) has historically done awful in the month of October. With all the economic turmoil in Europe, most historians and analysts were expecting the same … until now.

Believe it or not, October 2011 is on pace to be the top performing month for the Dow in ten years. That would mark this month’s performance as one of the best in the past 50 years.

Here’s how the best Dow Octobers stack up:

Jan-76 14.41%
Jan-75 14.19%
Jan-87 13.82%
Aug-82 11.47%
Oct-82 10.65%
Oct-02 10.60%
Apr-78 10.56%
Apr-99 10.25%
Nov-62 10.09%
Aug-84 9.78%
Oct-98 9.56%
Oct-74 9.48%
Dec-91 9.47%
Jul-89 9.04%
Feb-86 8.79%
Apr-01 8.67%
Jul-09 8.58%
Nov-01 8.56%
Oct-11 8.55%
Apr-68 8.51%

Hat Tip: Eddy Elfenbein.