Sep

20

And of course, how will the Fed be able to finesse a stimulatory action tomorrow in conjunction with this announcement. And most important, were any Clarkian winners at the bureau who might have been anticipated without any direct contact to take care that they didn't announce it too far away or too unseemingly close to any voting.

Kim Zussman writes: 

NBER announcement dates only go back to 1980. For these end of recession announce-dates, here are the SP500 returns for day-of announcement, next day (from close of announcement day), 5D, 10D, and 20D:

Date                     day of  nxt day     5d       10d      20d
07/17/03                -0.012   0.012    0.000    0.009   0.009
07/08/83                -0.003   0.006   -0.017    0.011  -0.032
12/22/92                -0.001  -0.003   -0.003   -0.022  -0.011
07/08/81                 0.001   0.008    0.015   -0.009   0.034

                   avg     -0.004   0.006   -0.001  -0.003   0.000
                   stdev   0.006   0.006    0.013   0.015   0.028

Historically nothing much, but then how do these compare with The Great Recession?


Comments

WordPress database error: [Table './dailyspeculations_com_@002d_dailywordpress/wp_comments' is marked as crashed and last (automatic?) repair failed]
SELECT * FROM wp_comments WHERE comment_post_ID = '5293' AND comment_approved = '1' ORDER BY comment_date

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search