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October is when 3rd quarter reports come out, in most industries 3rd quarter is the bad quarter (why is different for each industry) so those reports don't tend to say good things. Also I think there's some dupm off in October as people look for liquid coming into the holiday spending spree, but that's my own personal theory I have yet to back up with a single fact. But the general rule of thumb is that Fridays are bad, October is bad, Fridays in October get names (like The Crash of '29, The Crash of '87, you see the trend). Could be that the blood letting now will take all the steam out of October and leave things pretty mellow. Or it could be that this is a harbringer of another titled October Friday. Unfortunately there's no way to know which track we're on until All Hollows... better make that Nov 4, Nov 1st is a Friday.