It's Friday and it's time for a report on the Million Dollar Challenge. I've learned a lot by being part of this contest, the most humbling being the fact that I'm not the Wall Street Wizard I thought I was.
I am playing under a handicap. There was a Tuesday in this past week and from research I've done, I've found that Tuesday seems to be a bearish day on Wall Street. October 29, 1929, October 19, 1987, March 7, 2000, March 13, 2001, October 27, 1997, February 27, 2007 and March 13, 2007 were all Tuesdays.
My ranking has dropped considerably. I now am in the top 86% with a rank of 270,221. I won't win any of the big prizes, but it is fun to spend all that money, even if it is play money. All I need is some good news.