What is it about March? October, the month of the 1929 Wall Street crash and the crash of 1987, is often cited as the most dangerous for investors. Yet in the past three crashes or bear markets it has been March which saw the worst. The FTSE bottomed out in March 2003, shortly before the Iraq invasion, then again in March 2009, just as the Bank of England began its quantitative-easing programme.
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