Lucky Leap Year?
If this seems like the longest February you've been through, you're probably not alone. The reason it seems so long is that there have been five Fridays this February -- the first time this has happened since 1980. As some food for thought, we found how the Dow Jones Industrial Average has performed historically on leap year days (2/29) since 1900. As shown below, the day has been negative more than it has been positive, with 1-day gains on 2/29 just 39% of the time. Oh well.
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Leaving aside the century correction, leap days repeat their days of the week every 28 years... it's just the way the modular math works. :)
Posted by: David Merkel | February 28, 2008 at 10:20 AM