Leap Day

The market is having a lousy day today, but historically, Leap Day has been one of the better market days. A few months ago, I looked at how well the Dow did every day of the year.
On average, the Dow has risen 0.1256% on Leap Day. In terms of the Presidential Election Cycle, we’re still in a flat period. The Dow has historically been fairly quiet from August of the Pre-Election year through July of the Election year. After that, the market shoots ahead for another twelve months.

Posted by on February 29th, 2008 at 10:39 am

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