Monday, November 12, 2012

A Long-Term Look At Veterans Day

Veterans Day is one of the few US holidays when the bond market is closed and the stock market is open. Columbus Day is another. But while Columbus Day has exhibited some quantifiable edges, Veterans Day has not.  (At least none that I have identified and feel confident about.)  Veterans Day is celebrated on November 11th (or the closest weekday to November 11th) each year. For a brief period from 1971 – 1977 it was celebrated on the 4th Monday of October. Below is a profit curve that shows how Veterans Day has performed over the years.

While for a good long while it appeared Veterans Day may provide an upside edge, the curve topped out in 1992. Since then it has been mostly lower. Happy Veterans Day and thanks to all veterans!

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