The 'It'll Happen in October' Prophecy That Became a Meme
The phrase 'será en octubre' began as a mockery of failed crash prophecies. Its origin is attributed to a long-winded prophet, but memory is unreliable.
English · Original discussion in Spanish · Published
It'll Happen in October: The Prophecy That Never Comes and the Joke That Stuck
Every October 31, the financial world remains standing, and someone, from a corner of the internet, pushes the stock market apocalypse back to the same month next year. That is the essence of "será en octubre," an expression born in the heat of the 2008 crisis and turned into a tool to debunk the doomsayers of the day.
The Cursed Month of the Stock Market
October concentrates the biggest scares in stock market history, and that made it the favorite anchor for those who have been announcing the end of the system for years. The ritual is always the same: in September, an imminent crash is announced, and when it doesn't happen, the date is moved. The mantra has been repeated since 2009 with a resignation that borders on liturgy.
The Prophet of the Long-Winded Posts
Among the possible roots of the phrase stands out a legendary figure who signed mile-long analyses of the financial system, the petrodollar, and central banks. His specialty was setting dates for the collapse of the world; his most famous line, that the crash would come in October. He never got it right, but he left an indelible mark. The community idolized and parodied him in equal measure, until he disappeared without anyone quite knowing why.
Memory Is Selective
His memory has been rewritten several times. Some claim he was a ridiculed oracle while 80% denied the bubble, and others respond that the story has been invented to sanctify him. The El Corte Inglés case serves as an antidote: it has had a death sentence announced for 15 years and is still there, making its way through failed prophecies. The phrase "será en octubre" survived them all, now as a mockery, not a warning. The disconcerting fact: the world hasn't ended even once, but the expression is more alive than ever.
Every October 31, the financial world remains standing, and someone, from a corner of the internet, pushes the stock market apocalypse back to the same month next year. That is the essence of "será en octubre," an expression born in the heat of the 2008 crisis and turned into a tool to debunk the doomsayers of the day.
The Cursed Month of the Stock Market
October concentrates the biggest scares in stock market history, and that made it the favorite anchor for those who have been announcing the end of the system for years. The ritual is always the same: in September, an imminent crash is announced, and when it doesn't happen, the date is moved. The mantra has been repeated since 2009 with a resignation that borders on liturgy.
The Prophet of the Long-Winded Posts
Among the possible roots of the phrase stands out a legendary figure who signed mile-long analyses of the financial system, the petrodollar, and central banks. His specialty was setting dates for the collapse of the world; his most famous line, that the crash would come in October. He never got it right, but he left an indelible mark. The community idolized and parodied him in equal measure, until he disappeared without anyone quite knowing why.
Memory Is Selective
His memory has been rewritten several times. Some claim he was a ridiculed oracle while 80% denied the bubble, and others respond that the story has been invented to sanctify him. The El Corte Inglés case serves as an antidote: it has had a death sentence announced for 15 years and is still there, making its way through failed prophecies. The phrase "será en octubre" survived them all, now as a mockery, not a warning. The disconcerting fact: the world hasn't ended even once, but the expression is more alive than ever.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (11 replies).
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