Ah, just another manic Monday here at the MSM Monitor!
"Markets also find Monday a downer; Least-loved day of week is also worst for stocks" by Christina Rexrode |
Associated Press, August 20, 2012
NEW YORK — It’s not just in your head. Mondays really are the worst.
Monday is the only day the stock market is more likely to fall than
to rise. The Dow Jones industrial average has been down 10 of the past
11 Mondays. And the two worst days in market history are both known as
Black Monday.
I haven't checked the DJ in quite sometime because it is nothing but corporately-manipulated crap that is totally disconnected from the real economy out here.
There’s no single reason why Mondays are so blue. Then again, there’s
no single reason the market rises or falls on any given day, driven as
it is by the whims of traders placing millions of individual buy and
sell orders.
Some anecdotal evidence comes to mind: Companies are prone to release
bad news on Friday nights, when fewer people are paying attention.
Monday is the first day investors can react.
Anecdotal evidence is AmeriKan newspeak for bullshit, folks.
Related: Irish Speaker Likes Playing the Ponies
See why I call it Slow Saturday?
Plus, when companies collapse, they often do it late Sunday or early
Monday, after spending a last weekend trying to stay afloat. See
Wachovia, Bear Stearns, and, most famously, Lehman Brothers investment
bank, on Sept. 15, 2008.
Maybe people are grumpier....
Even pop culture is stacked against the poor Monday. The Mamas & the
Papas sang that every other day of the week is fine. Nobody names a
restaurant T.G.I. Monday’s. And it was on a Monday in 1912 that the
Titanic sank.
Also see: Sunday Globe Special: Titanic Saved the New York Times
The Times rose as Titanic sank.
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