Day-of-the-week effect

what is this you asked?

Been given an assignment lately, the question is amazingly short, but not unexpected. the question is "discuss the day-of-the-week effect", and guess what, I have to write 1000 word with it.

sounds easy, just get your butt into the computer lab, go to yahoo, search for a few informations and *kaboom*, you're done, its just 1000 word afterall? No. No. day-of-the-week is a theory developed by some guy call Cross a few decades ago, and this has been one of the most controversial topics in the world of finance, and there is loads and loads of arguements regarding it. too much in fact.

do you know what's the worst part? apparently, my finance lecturer, a Dr., has wrote a few reports on this theory. and I have to impress him with mine.

shit.