Markets and Mondays}

Chart and commentary from Bespoke Investment Group.   

"Equities are starting off the week on a down note today, and based on trends so far for 2011, it is pretty much par for the course. So far this year, the S&P 500 has been positive on Mondays less than any other day of the week (52.5%), averaging a decline of 0.08% on the day. The chart below highlights the average daily return of the S&P 500 in 2011 by the day of the week, and it provides a perfect illustration of the back and forth nature of trading recently. As shown, the average daily change alternates between positive and negative each day of the week. Bad news one day is followed by good news the next and then bad news the next!"

Link:  Markets and Mondays

*Long ETFs related to the S&P 500 in client and personal accounts.