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Santa Clause Rally-40% of Dow gain in 17 days
Article below by Eddie Elfenbein in SeekingAlpha site
Santa Claus Rally: 40% of the Dow’s Yearly Gain in a 17-Day Stretch
posted on: December 05, 2007
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A few weeks ago, I ran the numbers of how well the stock market does for each day of the year. I looked at all of the Dow closings going back to the beginning of the index in 1896.
The best time of the year is a 17-day stretch from December 21 to January 7. Over the last 111 years, the Dow has gained an average of 3.39% during that 17-day period.
To put that in some perspective, the Dow’s annual gain is 8.32%. This means that more than 40% of the Dow’s yearly gain has come during this brief stretch which is less than 1/20 of the entire year.
Eddy Elfenbein
Santa Claus Rally: 40% of the Dow’s Yearly Gain in a 17-Day Stretch
posted on: December 05, 2007
Print Email
A few weeks ago, I ran the numbers of how well the stock market does for each day of the year. I looked at all of the Dow closings going back to the beginning of the index in 1896.
The best time of the year is a 17-day stretch from December 21 to January 7. Over the last 111 years, the Dow has gained an average of 3.39% during that 17-day period.
To put that in some perspective, the Dow’s annual gain is 8.32%. This means that more than 40% of the Dow’s yearly gain has come during this brief stretch which is less than 1/20 of the entire year.
Eddy Elfenbein
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