“Since the mid-November lows, the S&P 500 has gained a remarkable 268 points on the back of faith, hope, and Bernanke/Kuroda charity. But perhaps what is more mind-numbing is that this efficient market has given us more than 50% of those gains on Tuesdays. With 17 up-days in a row, Tuesday is the Monday dip-buyers dream. Since 1/18, absent Tuesdays, the S&P 500 has gone nowhere. Maybe Bob Geldof needs to write a new song for the US investor ‘I do like Tuesdays’, or at least a slightly revised cover version of the Bangles’ ‘Manic Tuesday’. What would we do without Tuesdays?”

http://www.zerohedge.com/news/2013-05-07/your-sp-your-sp-without-tuesdays

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