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ProShares UltraShort Russell2000 Message Board

  • philippians4and13 philippians4and13 Apr 16, 2009 11:03 AM Flag

    Good Friday as a bearish holiday season

    Jeff Hisch of The Stock Trader's Almanac, in the last interview of him I saw transcribed, considers the time after Good Friday and Easter to generally be bearish.

    If one looks at Good Friday during a bear market year, such as 2002 or 1987, one sees the market tends to go down somewhat. The following figures are adjusted close prices per Yahoo Finance: 2002: SPY was 100.81 on Maundy Thursday (a/k/a Holy Thursday) and 98.72 12 days later. 1987: ^DJI was 2275.99 on Maundy Thursday and 2231.96 12 days later. I used 12 days later so the check date was a Tuesday.

    On a bigger theme than investing, I hope your Easter weekend was joyful and included contemplation of how needy all of us in this world are for something eternal and better.

 
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