Tuesday, April 6, 2010

"Mutual Fund Monday" Update: 16 Out Of 17 Winning Mondays; Two Standard Deviation Event

from Zero Hedge,


Time to update our "Mutual Fund Monday" analysis: since December 7, there have been 17 Monday, during which there has been just one down day. Statistically, this is even nuttier than Goldman's Q2/Q3 2009 profitable trading days. At 94%, we are two standard deviations away from statistically probable distributions. Furthermore, since the beginning of September, when the Mutual Fund Money phenomenon became especially pronounced (read our initial observations here), there have been 27 out of 31 profitable Mondays. There is no spoon. And this is considered perfectly reasonable market performance? It is time for Nassim Taleb to denounce the statistical wackyness that equity markets have become.

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