Quietest Days of Stock Indexes by David Merkel, CFA of the Aleph Blog.
There was one time when I was writing for RealMoney when none of the three main indexes (S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI), NASDAQ Composite (INDEXNASDAQ:.IXIC)) moved much on a given day, and so posted on it to show how rare it was. One fellow e-mailed me be saying, “You have too much time on your hands.”
Maybe so, but on 6/10/2014, it was even more quiet. It was the 11th most quiescent day for the indexes since the NASDAQ Composite (INDEXNASDAQ:.IXIC) was created in February 1971. Here’s a list of quietest days:
There’s no rhyme or reason to this list. Quiet days are unique, and as far as this list goes, are a once in four years occurrence. Still, it’s fun to think about quiet days, and wonder why we have trading at all. We may as well have had a vacation day.