+4.7% on the S&P.
The last time the market went up this much in January was in 1997, when it soared 6.18%. It’s worth noting, the market followed through with strength in February of 1997, gaining 0.96%. But, in March of ’97, the market plunged by 4.38%.
The last time we had similar gains was in 2001, when the market moved ahead by 4.45%. In February of 2001, the market crashed by 9.54% and fell some more in March by 5.6%.If you enjoy the content at iBankCoin, please follow us on Twitter
Thanks for the lesson!
If there is one thing I’ve learned, it’s that these extreme readings are getting more frequent. It seems like every other month something happens that hasn’t happened in 20+ years.