Last Day Blues?

Since 1901, the Dow has averaged a gain of 0.33% on the last trading day of the year.  This is significantly better than the average change of 0.03% for all trading days since 1901.  Over the last 25 years, however, the Dow has struggled on the last trading day of the year, averaging a decline of 0.22%.  Prior to the 1.25% gain on the last day of 2008, the Dow had been down on the last day four years in a row.

 

Comments

[EVIE25Lw]

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[TC]

If only the market's contemporary condition were fitting the word "average!" Yet given the ongoing distribution of shares into weak hands and the apparent need of strong hands to hold in check for as long as possible any selling threatening capacity to smoothly lay off risk, something approaching the average gain on the final day of trading seems quite reasonable.