They say as January goes, so does the rest of the year. If that’s the case, we’re about to begin our journey into 2016, deep in the hole. Dow futures are off more than 250, after China’s idiotic stock exchange soiled itself–causing officials to just shut the damned thing down–losing about 7%.
Copper is down nearly 3% and European markets are wishing they has Chinese overlords around to just stop the bleeding and arrest the damned short sellers who keep pressuring the indices.
How important is January to markets? A down month has resulted in down years, 70% of the time.
burn down the house
Clearing the portfolio out last week looks like a good move.