For Stock Markets, January Is a Cloudy Crystal Ball
- James B. Stewart for New York Times January 7th, 2016
- Source: http://www.nytimes.com/2016/01/08/business/for-markets-january-is-a-cloudy-crystal-ball.html
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.