Wednesday, January 2, 2013

Best First Days in Dow History

The averages are up around 2% to start 2013--for historical comparison the chart below shows the best first days in Dow history going back to 1900.  The Dow has only closed 2%+ higher on 9 occasions since then.  The first day of the year has been positive about 55% of the time, and the worst first day was in 1932 when the Dow was down 8.1%.

Dow Jones Best First Day of the Year

Admittedly, this analysis is a little silly.  The first day of the year has no empirical correlation to full year returns.

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