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:

Date Least Volatile Nasdaq S&P500 DJIA
11/12/2012 1 -0.021% 0.013% -0.002%
12/27/1977 2 0.019% 0.000% -0.020%
8/20/2012 3 -0.012% -0.002% -0.027%
6/14/1989 4 -0.022% -0.025% -0.004%
12/2/2011 5 0.028% -0.024% -0.005%
8/26/2009 6 0.010% 0.012% 0.044%
10/11/2010 7 0.017% 0.015% 0.035%
3/16/1993 8 0.037% -0.013% 0.016%
5/31/1979 9 0.023% -0.030% 0.021%
11/2/1984 10 0.000% -0.042% -0.035%
6/10/2014 11 0.041% -0.025% 0.017%

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.