| |||||||||||
Happy Thanksgiving!
Thanksgiving is upon us and we have much to be grateful for this year. While it has been challenging at times it has also been rich in an abundance of things for which we can be thankful. Talking of which, Bespoke reports that since Thanksgiving became an official federal holiday (1941), the S&P 500 Index has been up 20% or more through Thanksgiving on 16 occasions. With a year-to-date gain of 22.72%, this year is one of them and the S&P 500 is having its best year heading into Thanksgiving since 1997. “The average change for the rest of the year when the S&P 500 has been up 20% or more through Thanksgiving has been 1.96%, with positive returns 10 out of 15 times,” said Bespoke. Source: Bespoke, November 25, 2009. It was recently reported that becoming more grateful could make each of us 25% happier – and that being happy is the key to a longer, more successful life. On that note, I wish you and your family a day of smiles and a safe Thanksgiving. Source: Stuart Carlson, Washington Post, November 25, 2009. 1 comment to Happy Thanksgiving!Leave a Reply | |||||||||||
Copyright © 2021 Investment Postcards from Cape Town - All Rights Reserved |
Ok, I am going to do a little victory lap here…..Black Swans do not drift in, they are delivered by a cruise missile in the middle of the night, holidays, or on the weekend.
http://oahutrading.blogspot.com/2009/11/chart-of-charts-112109-slam-down.html
http://oahutrading.blogspot.com/2009/08/mania-chronicles-and-dubai.html
http://oahutrading.blogspot.com/2009/11/blow-off-top.html
http://oahutrading.blogspot.com/2009/11/30-year-gap-study-and-some-political.html
As America tryptophans out and wakes up weary tomorrow, with half a trading day to “panic out with”, this could be very interesting. Looks like nearly “perfect timing” by our financial overlords. Lots of Turkeys (aka Lemmings) getting cooked today.