Friday 13th!!!

Does anyone have the stats? I don't recall there EVER being a big down day on Friday 13th. As I recall (faulty, to be sure), most times were up at least a bit, though I remember maybe two times that we were down modestly over the past 15 years or so. Anyone able to confirm? Mark

Does anyone have the stats?

I don't recall there EVER being a big down day on Friday 13th. As I recall (faulty, to be sure), most times were up at least a bit, though I remember maybe two times that we were down modestly over the past 15 years or so.

Anyone able to confirm?

Mark

I can confirm this based on my memory but, it was exclusive cause non of them had the market on turns like today.

Does anyone have the stats?

Anyone able to confirm?

Mark

LINK:

IN PART---
Friday the 13th: Stock Market Edition
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By Kirk Shinkle
Posted: February 13, 2009
Friday the 13th may be the unluckiest day of the year, but it's not generally a terrible day for stocks. Below is a bit of history on how markets move on the most superstitious of trading days.
Bespoke Investments
looks at the last 183 Friday the 13ths going back to 1900 and the performance of the Dow. They say:

The average return on these days is a gain of 0.04% with positive returns 58.5% of the time. As shown, while the average return is better than all days, it is below the average gain we typically see on all Fridays. However, the 58.5% frequency of positive returns is better than the average for all days and all Fridays.

As for the last ten Friday the 13ths, Bespoke says the average return has been slightly negative, although the last four have all been positive. For more, plus tables of the returns check out Bespoke's blog.
Jason Zweig, who writes the WSJ's Intelligent Investor column, says it's usually a good day for investors and says superstition about trading on the unlucky day one of the market's "dumbest myths":
A lot of investors are still superstitious about Friday the 13th, regarding it as an unlucky day for the stock market. Just look, they say, at Friday the 13th of October, 1989, when the leveraged buyout of UAL fell apart, ending the junk-bond boom and knocking 6.9% off the Dow in one fell swoop. Or what about Friday the 13th of October, 2000, when the Heartland mutual funds wrote down their bond holdings, wiping away 69% of the net asset value of Heartland High-Yield Municipal Bond Fund in a single day?
But investors’ fear of Friday the 13th – christened paraskevidekatriaphobia – is not merely nonsense. It’s actually contradicted by the facts. On average, the stock market does not do worse on Friday the 13th; it does slightly better than average.

Thanks! Just doing a reality check (and offering a thought starter). I'm short but not patient nor greedy today. M

I have the same memory as you Mark. Lucky day.

We should close up today. I see on the 30 that the front weighted 50 is rolling down. Going back, I also see its not to like, should one be long.

paraskevidekatriaphobia

The actual origin of the superstition, though, appears also to be a tale in Norse mythology. Friday is named for Frigga, the free-spirited goddess of love and fertility. When Norse and Germanic tribes converted to Christianity, Frigga was banished in shame to a mountaintop and labeled a witch. It was believed that every Friday, the spiteful goddess convened a meeting with eleven other witches, plus the devil - a gathering of thirteen - and plotted ill turns of fate for the coming week. For many centuries in Scandinavia, Friday was known as "Witches' Sabbath

Lucky 13 is a superstition too.

We stopped out of our small 1/2 short for a 1.25 loss. I can live with that. I only took the trade because the technicals said so. I'll consider hitting them again on further strength.

paraskevidekatriaphobia

The actual origin of the superstition, though, appears also to be a tale in Norse mythology. Friday is named for Frigga, the free-spirited goddess of love and fertility. When Norse and Germanic tribes converted to Christianity, Frigga was banished in shame to a mountaintop and labeled a witch. It was believed that every Friday, the spiteful goddess convened a meeting with eleven other witches, plus the devil - a gathering of thirteen - and plotted ill turns of fate for the coming week. For many centuries in Scandinavia, Friday was known as "Witches' Sabbath

I didn't frigga'n know that!