We noted in late November a strange pattern - Mondays were almost always up. [Nov 20, 2009: What the Heck is Going on With Mondays Lately? Always Up] Of the last 8 Mondays at that time, 7 were up, 1 was down with an average gain of 1.28%. While not tracking it lately, anecdotally it seems the pattern had been continuing and BeSpoke Investment Group confirms it; here are the last 18 weeks. Since our analysis in November, only 1 Monday has been down...for a whopping 0.25%. You simply cannot lose on Mondays anymore.
So with that we'll be launching two mutual funds; the second which of which will be "The Monday Fund". Buy index longs full tilt at 3:59 PM each Friday, sell 3:59 PM each Monday, vacation the other 6 days. A winning strategy indeed.
At a 0.83% return x 18 weeks such a strategy would of gained 15% over a third of a year, on pace for an annualized 45% return. That is for 1 day of week's "work".... mmm, Kool Aid.
Compare that to the -0.54% return the other 4 days of the week, or over 18 weeks ... -10% over that time frame. Suckers.
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows