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Posted on 14 November 2012 | 3,957 views

The Wednesday Before Thanksgiving and the Black Friday After Thanksgiving are Strong Stock Market Days

The S&P 500 will decline 20 percent from its September high of 1,470 points to around 1,176 points. Poor quarterly earnings from corporate giants such as Amazon (Ticker Symbol: AMZN), McDonald’s (Ticker Symbol: MCD) and Google (Ticker Symbol: GOOG) have hurt investor sentiment in recent weeks.

Traditionally, the Wednesday before Thanksgiving and the Friday after (known as Black Friday)are strong stock market days, as the start of the holiday season ushers in a bullish tone — the Dow has been up 15 of the past 19 years.

While the 3% post-election sell-off came as a surprise to many, November is typically a weak month for the broader market after an incumbent president is re-elected. Normally the post-election year is not great, you see a sell-off.

Having too heavy a position in stocks and leaving yourself vulnerable to sell pressure on the day after Thanksgiving — Black Friday — even though it’s a low volume, half-day of trading may not be wise this year.

It used to be that all of the retail people were gone so the pros were there buying up the market but that’s changed now, and there seems to be a lot of anticipating going into it, and a lot of selling on that quiet day when no one is around.

You might want to think about a year-end exit for the market, even though we’re still in that seasonal period that’s strong.

The Wednesday Before Thanksgiving and the Black Friday After Thanksgiving are Strong Stock Market Days

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2 Comments »

  • Jessica Johnson said:


    RT @pdxpixels: The Wednesday Before Thanksgiving and the Black Friday After Thanksgiving are Strong Stock Market Days http://t.co/6Wj7DtME

  • Shaun Hoobler said:


    So what’s going on with stock market these days?
    Shaun Hoobler recently posted..app dev teamMy Profile

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