With the NCAA tournament starting tomorrow, we thought we'd have some fun with a quick comparison between it and stock market trading volume. NCAA Basketball's March Madness is often regarded as one of the biggest productivity destroyers in offices across the nation. Employees push work aside and head over to sportsline.com to check the latest scores and how they stack up in their bracket pools. While overall productivity may decline during the first two days of the tournament, activity in the financial markets tends to pick up. As shown in the table below, volume is typically higher than average during the first two days of the tournament.
While the first two days of the tournament tend to have higher than average volume, on the Wednesday before the tournament starts, volume tends to come in below average. Perhaps people are busy filling in their brackets.