With a decline of 4.43% leading up to tomorrow's holiday, 2011 will go down as the worst Thanksgiving week ever for the S&P 500 (since the government officially designated Thanksgiving as the fourth Thursday of November in 1941).
Below we highlight the prior years where the S&P 500 was down 2% or more for the week leading up to Thanksgiving. If you're looking for something to be positive about, at least there's hope for an up day on Friday. On the Friday following the worst Thanksgiving weeks listed below, the S&P has posted gains five out of seven times for an average one-day change of +0.74%. Not bad.
Happy Thanksgiving from Bespoke!