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The S&P 500 closed today at 1,261.52 which is the lowest close since July 24, 2006. The index is now off 19.4% from its all-time high of October 9, 2007.

Since October 9, there have been 184 trading days. This is how the days of the week have panned out:

Monday.............-3.69% (35 data points)
Tuesday.............5.26% (36)
Wednesday.......-6.17% (39)
Thursday...........-1.93% (37)
Friday................-13.59% (37)

So the bear market is heavily, but not exclusively, a Friday phenomenon. The other four days of the week have lost a combined -6.72%.

The most surprising fact is that of the 184 days, 92 have been up, 91 were down and one was unchanged (January 3).

Posted by edelfenbein at July 3, 2008 7:56 AM