The January effect is here. The S&P is up 5% for the month of January, the best performance since 1997. How did the market fair in February following a +4% showing?
Your inquisitive desires beckon me to answer.
Three out of four times the market went up in February. 2001 was different, since retards ruled the roost and the market was getting gaveled on a daily basis. Plus our government was secretly plotting to knock down the World Trade Center and plant the seeds to destroy the entirety of modern finance.
Nevertheless, we are in striking distance of NEW ALL TIME HIGHS for the Dow Jones Industrial Average.
Rest assured we will take out the new highs and piss on the graves of all the old men who waived their canes at the market, as it lit up higher.