If you look at the return on the NASDAQ on a day by day basis since 1971, comparing the previous day's close to the current day's close, you will find that on Fridays, the market was up more times than down (61% of the time), more than any other day of the week, meaning the "best time to invest" would be on Thursdays at the close. The day with the most down times was Monday, down 53% of the time from the previous Friday's close.
Remember, correlation does not mean causation, and coincidence does not mean correlation.
1 comment:
And November is traditionally a very good month, but for me, my worst...
I like your disclaimer.
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