Small Cap Strategist is published by Crystal Equity Research an independent research resource on small capitalization stocks. Follow along as we discuss the most recent trends in the small-cap sector, investigate interesting companies and pan a few not-so-promising stocks.
off, let me offer a note of thanks to Mrs. King for waiting until January 15th
to bring little Martin Luther into the world.Although we no doubt would have been as eager to celebrate his birthday
in the middle of summer, the middle of January is a particularly fine time for
a holiday.She could have been selfish,
rushing him to an early introduction in December when he would have made a nice
little tax deduction.
it was Mrs. King waited until January.So
now we have a well-timed holiday in January.Not the 15th, but a nearby Monday.In 1968, Congress got smart about holidays
and passed legislation to shift most celebrations to Monday. This was back in
the day when Congressmen spent more time on legislating than on preening for
television cameras and spouting extremist ultimatums.
President Lyndon Johnson signed the legislation into law he made a lot of
flowery statements about families.He
said, “This will mean a great deal to our families and our children. It will
enable families who live some distance apart to spend more time together.
Americans will be able to travel farther and see more of this beautiful land of
ours. They will be able to participate in a wider range of recreational and
More likely, the
idea was driven by economic considerations.All that ‘traveling farther’ means spending more.The shift of legal holidays meant people
would spend more on gas, food and entertainment if they had three days of
liberty in a row.
and industry also had a stake in the holiday matter. Placing holidays on Monday
was expected to discourage the kind of productivity-sapping malaise inspired by
mid-week holidays.Citizens were
expected to be content with the long weekend and be prepared to put
shoulder to grindstone on Tuesday morning.
Martin Luther King had a dream. It was for far more than a simple holiday weekend. He was after something much more meaningful - racial freedom. For
myself, I am grateful to have had a three-day break even if my shoulder is not
yet to the grindstone today.
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Cap Strategist web log, Crystal Equity
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