Happy Thanksgiving Day Stockaholics!

Discussion in 'The Cocktail Lounge' started by Stockaholic, Nov 18, 2016.

  1. renegadelook

    renegadelook Member

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    Whoa, that was fast! advance Happy Thanksgiving everyone
     
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  2. Stockaholic

    Stockaholic Content Manager

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    Happy Thanksgiving everyone!

    Thanks a ton for bumping this thread @stock1234!!! :D
     
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  3. Stoch

    Stoch Well-Known Member

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    The Big 3 Turkey Days

    The best time around Thanksgiving has tended to be the two trading days before (Tuesday and Wednesday) and the day after (Friday). The good news is that period has been consistently bullish over time. The “bad news” is that it appears to have been slightly less effective in recent years.

    For our purposes we will measure the price change for the Dow Jones Industrial Average from the close on Monday the week of Thanksgiving and the close on Friday of the same week.

    [​IMG]
    [​IMG]

    Figure 1 – Cumulative Dow % +(-) 2 days before and 1 day after Thanksgiving; 1950-2019

    The cumulative growth from 1950 through 2019 was +68.0%. If that doesn’t seem like much just remember that we are talking about just 3 trading days a year.

    (courtesy of Jay Kaeppel's website)
     
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  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Happy Thanksgiving tomorrow Stockaholics :)
     
  5. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Had to buy a pre-made turkey this year, thanks Corona.
    I hear Popeye's is selling them too.
     
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I ordered one from the local mom and pop restaurant.
     

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