Happy Memorial Day From NetNet!

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We’re heading off for the long weekend folks, and we hope you will be doing the same shortly.

Before we leave you, however, we thought we’d tell one last story from the history of Wall Street. Back in the 1970s, New York State—and the New York Stock Exchange—did not always follow the rest of the country when it came to Memorial Day.

Since the 1870s, Memorial Day had been held on May 30th. But in the late-sixties, the federal government declared that it should always fall on the last Monday in May, creating a three-day weekend. Not all states followed suit. As late as 1978, according to contemporary newspaper accounts, New York and at least seven other states were still celebrating on the traditional day.

“Wall Street moved in slow motion,” one news account explained. “The stock exchange was closed. Banks were open.”

At some point, everyone got on board the three day weekend thing.

But guess what? This year something special is happening. Official Memorial Day is falling on its traditional date. So the efficiency folks and the traditional folks can all Memorialize together.

See you on Tuesday!


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