Ask DrBob Message Board - Msg: 14250697

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	8/21/2000 7:22:55 PM
From: longdong_63	Read Replies (1) of 100058

From lost in voodoo: Another rather strange, relatively undigested fact sheet from Birinyi re: FOMC days when no change was expected: Since 1995 there have been 33 such days On only two of those did they actually make a change, one up .25 and one down .25 On average (and it is pretty representative - not many outliers), when there was no change the DOW, S&P & NASD both had returns on the same day of less than 1%. The highest performing secors and individual stocks were also under 1% for that day. On both<i/> the change days, the DOW, S&P and NASD were all up more than they were on the days that met expectations (above): 1-2% for the +.25 and 4+% for the -.25% change. I find this pretty useless other than the fact that it's so dull, but didn't really conclude how utterly useless it was until after I'd typed it all in & thought it would be equally wasteful to just erase it at that point. So there ya go! Bloat mon. I can only hope that someone else will discover the beauty of it.

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