Memorial Day Stock Market Closed

Wall Street Greek offers our condolences to the families of soldiers who have died in the service of the United States of America, and we thank all currently active and retired servicemen for their valor, courage and love of country. God bless the USA! The stock market is closed on Memorial Day. Now go barbecue or something!

"The Greek" earned clients a 23% average annual return over five years as a stock analyst on Wall Street. While writing for Wall Street Greek and others, he presciently predicted the financial crisis and housing and banking failures of the Great Recession. Visit the front pages of Wall Street Greek now to see our current coverage of business news, global financial markets, real estate, shipping, fine art, technical analysis and global affairs.

(Tickers: NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD, NYSE: NYX, Nasdaq: NDAQ)

Memorial Day - Stock Market is Closed

Memorial Day is a United States federal holiday observed on the last Monday of May (May 31 in 2010). Once known as Decoration Day, the holiday commemorates U.S. soldiers who died while in military service. While it was first enacted to honor Union soldiers of the American Civil War (the reason why it is celebrated near the day of reunification after the Civil War), it has since been expanded (after World War I) to make it more relevant to modern living in the US. Thus, we now honor Americans who died in any service on Memorial Day.

The day also informally marks the start of the summer season, while summer does not officially begin until the summer solstice on June 21st. On that day, the northern hemisphere reaches its closest point in proximity to the sun; and the Tropic of Cancer is closer than the equator is to the sun. As the earth circles the sun, and because of its tilt, the northern and southern hemispheres exchange seasons throughout the year. On December 21st, the shortest day of the year in the northern hemisphere, the north begins winter, while the southern hemisphere starts its summer season (Tropic of Capricorn is closes point to sun). June 21st also marks the longest day of the year in the North.



The informal start to the summer season is marked on Memorial Day, as beach season officially opens along US coasts (at least along the East Coast). It's the beginning of summer driving season as well, and the start to greater draws on gasoline inventory levels. You can monitor gasoline activity, by tuning in to Wall Street Greek on Wednesday's, as we report on and analyze EIA energy data.

Memorial Day is an important holiday for patriotic Americans and everyone else as well, and so the stock market is closed to trading. The summer season also usually sees lulls in trading volume, as vacation season swings into full gear. Your author recalls how much easier it is to get to Wall Street during summer, with schools closed, many on vacation and roads much clearer.

We hope you are enjoying your holiday and wish you a swell summer!



Relevant Tickers: NYSE: GLD, NYSE: XLE, NYSE: XLF, NYSE: BJV, NYSE: SZI, NYSE: BPD, NYSE: IEL, NYSE: PBN, NYSE: CGW, NYSE: LVL, NYSE: FRI, NYSE: PBP, NYSE: RSU, NYSE: RMM, NYSE: REA, NYSE: RFL, NYSE: RHM, NYSE: RTG, NYSE: RSW, NYSE: RMS, NYSE: REC, Nasdaq: PDOWX, Nasdaq: XDPOX, Nasdaq: XDPDX, Nasdaq: NDUAX, Nasdaq: NDUBX, Nasdaq: IDJAX, Nasdaq: NJCRX, Nasdaq: UDPIX, Nasdaq: UDPSX, Nasdaq: UWPIX, Nasdaq: RYLDX, Nasdaq: RYIDX, Nasdaq: RYCWX, Nasdaq: ONEQ, Nasdaq: QCLN, Nasdaq: QQEW, Nasdaq: QQXT, Nasdaq: QTEC, Nasdaq: NASDX, Nasdaq: NDXKX, Nasdaq: POTCX, Nasdaq: DXQSX, Nasdaq: DXQLX, Nasdaq: FNCMX, Nasdaq: INQAX, Nasdaq: MOTAX, Nasdaq: XQQQX, NYSE: NYX, Nasdaq: NDAQ, NYSE: ICE, NYSE: DIA, NYSE: SPY, Nasdaq: QQQQ, NYSE: DOG, NYSE: SDS, NYSE: QLD

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.