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« What Equity Premium? | Main | The Worst Decade Since the Thirties » October 7, 2008 The Bears Nears Its First BirthdayWe’re coming up to the one-year anniversary of the market top. The S&P 500 peaked at 1565.15 on October 9, 2007. Going by yesterday’s close, we’ve lost 32.47%. However, those losses have been heavily skewed toward Mondays. Here’s the days-of-the-week breakdown: Monday -26.65% It appears that holding over the weekend is to be avoided. In fact, the combined performance of the three middle days of the week is a gain of 1.49%. The market has lost more than one-third on Monday and Friday combined. Posted by edelfenbein at October 7, 2008 11:08 AM |
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