FYI: As January goes, so goes the entire market year.
That’s probably the best-known aphorism from the Stock Trader’s Almanac, an annual compilation of dates, statistics and advice for investors first published in 1968 by Yale Hirsch. A prolific author of pithy investment advice, Mr. Hirsch also created the strategy often referred to as “Sell in May and go away,” and he identified a year-end seasonal “Santa Claus” rally.
Regards,
Ted
http://www.nytimes.com/2016/01/08/business/for-markets-january-is-a-cloudy-crystal-ball.html
Comments
Maybe yes, maybe not so.
The January effect is a correlation that has not been especially prescient in the last few years. If you search hard enough some correlation will be discovered. This could be a false random success. Buyer beware.
I addressed this issue on MFO a few days ago and added the dimension of biased reporting. You might want to access it here:
http://www.mutualfundobserver.com/discuss/discussion/25326/honesty-trustworthiness-and-the-new-year#latest
We all are a little guilty of seeking conformation data. Enjoy.
Best Wishes.