Monday and Tuesday don’t seem to carry a sizable edge. Monday’s total return was actually negative prior to 2008 when it posted a gain of over 6%. Also notable is that the Monday AFTER Thanksgiving’s stats were skewed a bit by the 2008 results. Last year saw a drop of over 8% on that day. Even excluding 2008 there is a bit of a bearish edge apparent on the Monday following Thanksgiving.
Wednesday and Friday surrounding Thanksgiving have been the most consistent and bullish days of the period.
3 comments:
Rob,
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would be interesting to see sector returns for Wednesday and Friday. Would suspect retail outperforms historically.
Ok, I am going to do a little victory lap here.....
Black Swans do not drift in, they are delivered by a cruise missile in the middle of the night, holidays, or on the weekend.
http://oahutrading.blogspot.com/2009/11/chart-o...
http://oahutrading.blogspot.com/2009/08/mania-c...
http://oahutrading.blogspot.com/2009/11/blow-of...
http://oahutrading.blogspot.com/2009/11/30-year...
As America tryptophans out and wakes up weary tomorrow, with half a trading day to "panic out with", this could be very interesting. Looks like nearly "perfect timing" by our financial overlords. Lots of Turkeys (aka Lemmings) getting cooked today.
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