This is the last day of the year for Mutuals Funds, so a little tape painting wouldn’t be a surprise. Todd Harrison of minyanville.com notes:

Since 1996, when the Nazz futures started trading, the NASDAQ has opened higher and closed higher each year on the last day of October. The largest intrady decline was -.81%, the average gain was 3.5%. Obviously, past performance is no guarantee of future results but this data is starting to get louder in trading circles (courtesy: www.tradeplotter.com)

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

Comments are closed.