Market Rallies; But It’s Still the Worst December Since 2002

Don’t worry yourself, lads. When the market dropped in December of 2002, it rebounded sharply…in April of 2003.

I remember it like yesterday. The recession was debilitating. We’d see stores boarded up and closed near Grand Central. NYC was a melancholy place and the stock market was the devil, reincarnate. Then all of that changed in April of 2003. It might’ve had something to do with war, or government stimulus. I cannot remember the exact details. But the foreboding nature of a December drop isn’t something to take lightly.

Sure, all isn’t lose yet. We can still squeak out a few percent to make this pig look good. But if we give back today’s rally, we’ll most likely end the month with the largest December decline since 2002.

Seventy one percent of stocks moved higher today and I made some coin in VRX, PAH, SHAK and other niceties. Barring a horrific reversal of fortune, I will end 2015 a champion of plus 15% or more. It’s nothing to be boastful of, since I am still licking the wounds of 2014.

Good day.