October 19th -- Don't Be Scared

We heard a regular guest on CNBC mention this morning that no one is ever bullish on October 19th because of the negative connotations associated with the day.  However, since Black Monday (10/19/87), the S&P 500 hasn't been down more than a percent on the day even once (although today isn't looking good).  The index has averaged a gain of 63 bps versus an average gain of about 4 bps on all trading days since then.  October 19th has been an up day 73% of the time since the '87 Crash.  Clearly some people are bullish.

Update (3:09PM): Clearly some people are bearish today!