Stock Market On Pace For Worst December Since The Great Depression

Screengrab/New York Stock Exchange/YouTube

The last time stock markets took such a hit in December was 1931, according to CNBC.

The month of December is generally kind to the stock market, but this year, all signs point to a historically bad showing as two major U.S. stock indexes are headed for their worst December since the Great Depression.

Via CNBC:

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 closed Monday down 7.6 percent and 7.8 percent this month, respectively.

December is typically a very positive month for markets. The Dow has only fallen during 25 Decembers going back to 1931.

The markets still have a chance to rebound, however: "It's worth noting that historically, the second half of December tends to see gains."

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