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DOW JONES     Black Friday Market Performance (mart.j)

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mart.j     posted : 30/11/10   08:34 pm

according bespoke

Friday, November 26, 2010 at 05:00AM

The Dow has historically done well around the Thanksgiving holiday. Since 1945, the index has averaged a gain of 0.28% on the day before Thanksgiving with positive returns 70% of the time. This year was no different as the Dow rallied 1.37% on Wednesday. Below we highlight how the index has done on the day after Thanksgiving when it has been up on the day before. As shown, the index has averaged a gain of 0.36% on these Black Fridays with positive returns nearly 75% of the time. Last year was an exception, however, as the index declined 1.48% on Black Friday after gaining 0.29% on the day before Thanksgiving. In 2008, the Dow had a big gain on the day before Thanksgiving (like this year), and it went up another 1.17% on Black Friday. Hopefully this year is more like 2008 than 2009 (which is not something investors say too often).
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