While checking the news this morning I ran into the article below. I always wondered how the experts on Wall Street are working and how they come to their predictions, forecasts and conclusions. I think I got the idea now. It would be cool if someone at CRT could tell me what happens on a Monday the 16th. With that info we all could take action today and have a good day at the beginning of the week, right?
In fairness, the guys at CRT acknowledged that there is nothing “fundamental” behind this. I am now afraid that their job might be in jeopardy, if their is nothing else to discover and write. Well, on the other hand, what would I comment about?
News and analysis by our markets team
- May 12, 2011, 1:51 PM ET
- Market Junkie home page »
While often considered an unlucky date or number, Friday happens to be the 13th of the month and tends to actually be a good day for both equities and bonds, said strategists at CRT Capital Group…read the entire article