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Rumor Mill News Reading Room, Current Archive

Friday the 13th is generally a decent day to invest in U.S. stocks, EXCEPT on the day that AOC was born in 1989 when the DOW sank by 6.9%

Posted By: NaturalWisdom
Date: Wednesday, 13-Jan-2021 05:51:59
www.rumormill.news/117294

Pretty auspicious day, wouldn't you say?

Friday the 13th Is a Lucky Day for Stocks, But Beware Next Friday
PAUL J LIM | MONEY
June 13, 2014

[snip]

Friday the 13th, as luck would have it, turns out to be a decent day to invest in equities: Since 1950, returns on Fridays the 13th have averaged 0.88%, more than twice the 0.34% average gain of trading days in general. And “the frequency of advance” is higher on Friday the 13th than on other days, says Sam Stovall, managing director for U.S. equity strategy at S&P Capital IQ. In other words, there’s a greater chance that the S&P 500 will post a positive gain on Friday the 13th (56%) than other days (52%).

...In fact, there’s been only one significantly bad Friday the 13th in recent market history. That was October 13, 1989, the day of the so-called mini crash of ’89, when the S&P 500 lost around 6.1% of its value and the Dow Jones industrial average fell around 190 points (which back then amounted to a 6.9% drop). The losses were triggered in part by a crisis in the junk bond market.

---

Alexandria Ocasio-Cortez
From Wikipedia, the free encyclopedia


https://en.wikipedia.org/wiki/Alexandria_Ocasio-Cortez

Alexandria Ocasio-Cortez (born October 13, 1989), also known by her initials, AOC, is an American politician and activist. A member of the Democratic Party, she has been the U.S. Representative for New York's 14th congressional district since January 3, 2019.

SOURCE



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Articles In This Thread

Friday the 13th is generally a decent day to invest in U.S. stocks, EXCEPT on the day that AOC was born in 1989 when the DOW sank by 6.9%
NaturalWisdom -- Wednesday, 13-Jan-2021 05:51:59
Food server claimed AOC pocketed 90% of the tips when they worked the 2017 Cinco de Mayo shift at a taco and tequila bar
NaturalWisdom -- Wednesday, 13-Jan-2021 05:51:59

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AN EXPLANATION OF THE FACTIONS