Fridays that are also the 13th of the month... up nearly 59% of the time
To know if this is something special, we would also need to have market data for some other days, like Thursday the 18th or Monday the 24th.
Maybe if we had all data, we would see that the secret is to be out of the market for every Tuesday the 9th.
Somehow.... I don't think so.
Noeen, this is definatly interesting and fun to read. but it all seems to be based on an overly simple set of data.
I would think that with everything going on in the market and world economy right now there is a lot more to fear then a Friday the 13th...
Re: More to fear
Phoenix
4/13/2012 12:00:37 PM
It is very interesting to think of the mysterious ways our brain functions. However much you tell yourself not to be worried about a simple date our mind is programmed to worry about Friday the 13. The funny thing is that when you keep thinking that something is going to go wrong with the stock it inevitably does. But there are so many more things to worry about than a date I'm with you in that Telecomfreq.
Stocks tumbled on Friday the 13th after disappointing earnings and concerns about China. The sell-off is the latest worry in what's been a tough April for the market.
We can be as rational as you want. But there are a surprising amount of superstitions associated with the stock market. One of the weirdest Friday the 13th traditions, as Art Cashin explained today, is Hat Day.
...Prior to 1988, floor brokers used to have fun with the myth by declaring Friday the 13th "Hat Day". Brokers would don silly and bizarre headgear, pretending to ward off the evil spirits.
The last official "Hat Day" occurred in 1987. It was on Friday, November 13th, to be exact. A few weeks earlier on Monday, October 19th, U.S. stock markets had suffered their worst selloff in history. The Dow fell 20% in one day. That would be the equivalent of a 2,500 point selloff today. The '87 crash was far, far worse than the '29 crash on a percentage basis.
Read more: http://www.businessinsider.com/art-cashin-friday-thirteenth-2012-4#ixzz1rwpBqkKL
I just walked by the call center that we have here in my office and heard one of the managers giving the reps a "talk" about it being Friday the 13th and they need to do the best they can. LOL, that is not something I expected today.
@Noreen, I know. All I can do is shake my head..... TGIF, even if it is the 13th LOL ;-)
Superstitious or not, it was a dismal day in the markets: The Nasdaq fell 1.4%, the S&P 500 1.2% and the Dow Jones industrial average 1.1%. Volume edged up on the Nasdaq and fell 4% on the NYSE, according to preliminary data.
Re: Freaky Friday
driven
4/13/2012 8:55:58 PM
Here's my contribution to Friday the 13th:
Famous people born on Friday the 13th include Samuel Beckett (13 April 1906), Margaret Thatcher (13 October 1923), Fidel Castro (13 August 1926) and Steve Buscemi (13 December 1957).
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