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Today marks the beginning of the Santa Claus Rally. Earlier this year, I crunched all the numbers of the Dow’s daily return from 1896 to present.

The best time of year is a 17-day period from December 21 to January 7. Over the last 111 years, the Dow has gained an average of 3.39% during that 17-day period.

To put that in some perspective, the Dow’s annual gain is 8.32%. This means that more than 40% of the Dow’s yearly gain has come during this brief stretch which is less than 1/20 of the entire year.

Posted by edelfenbein at December 21, 2007 8:27 AM