“There are a lot of “rules” in the stock market
that don’t seem to die because more often than not, they work.
Take for instance the S&P 5-day rule, which comes from the Stock Market Almanac. According to the rule, the S&P 500 ends the year positive if it ends the first five trading days of the year positive.
It has worked between 80 to 90 percent of the time.
And it worked last year.
And according to Art Cashin, UBS Financial Services Director of Floor Operations, traders are chatting about it again.
From this morning’s Cashin’s Comments: ”
If you enjoy the content at iBankCoin, please follow us on Twitter
