January trading

The saying, “As goes January, so goes the year,” has been commonplace on Wall Street since 1972 when introduced by Yale Hirsch. From 1950 through 1984, full year returns correlated with January’s performance at a rate of roughly 75 percent. Per efficient market theorem, this trend should have...

History tells that the first trading session of the year is quite often a scary day for bears -- and a time for bulls to continue the party. On Jan. 2 last year the Dow opened flat, but climbed more than 300 points (308.25) as blue chips rallied and just about everything else rallied. The S...