A Look at Market Performance on Days When Bernanke Speaks

A

ASusilovic

Ever feel like the market is always down when Ben Bernanke is speaking? We gathered all of Bernanke's testimony and speeches from the Fed's website and calculated how the S&P 500 has performed on these days. While it's probably (wink wink) more coincidence than cause, the average performance of the S&P 500 on these days has been -0.12%. The last six days that we have heard from Bernanke publicly have seen the S&P 500 decline all six times for an average loss of 1.31%. The next time Bernanke is speaking publicly, the market needs to turn the TV off!

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Funny...:p :D :)
 
?............."streaks" in the data tend to make for decent reversals in the market, i.e. FEB-06,MAY-06, FEB-07 and maybe now is a set-up for a decent rally beginning around April-15. At that time. the experts will be saying "buy in May and go away". We'll see. :cool:
 
That is a very nice "chart" I did something similar and informal on Greenspan. It was nice to predict and see the market doing the opposite. There were a few "aha" moments, bells and whistles going off saying something isn't right.
 
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