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First friday of the month always down - AsianBookie.Com Forums

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Posted By Topic: First friday of the month always down       - Views: 2103
Beri Heng Fan 		05-Mar 2009 Thursday 11:59 PM (5684 days ago)               #1
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  		Has anyone seen this trend in the US market?

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bak chor mee 		08-Mar 2009 Sunday 5:02 AM (5682 days ago)            #2
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  		This is probably due to poor non-farm manufacturing payroll data had been bad since the financial crisis. This data will be out every first Friday of the month. unemployment rate in U.S. can rise to two digits in no time.

I also notice when Bernake talks, market mostly down also.




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