Quote:
Originally Posted by Villages PL
If December is a good month, because the market is up, then it's a positive indicator for January being good too. And if January is a good month, that's a positive indicator for the entire year.
Does that sound familiar? Anyway, regardless of what happens, I think it's way too soon to think about selling.
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Friday, Dec. 30, 11:20 pm
Villages PL,
Can't disagree with you. Of course, I'll be able to confirm that (or not) on Jan. 31, 2012 the last day to measure the 'January Effect.' Isn't hindsight beautiful? <g>
December could have finished a little better, but buyers cut out early today to begin the weekend celebration. Slight losses today in mixed volume.
It was a roller coaster year for sure. The wind 'coming in east' from Europe didn't help the investment mood in the USA. Year-end China fears of a slowdown didn't help. Other incidents, likewise. Investing isn't easy, so they say. I say it too.
For year 2011:
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Dow 30 was +5.5%
SP 500 was flat
Nasdaq was (-1.8%)
The above stats are before dividends. SP 500 (SPY proxy) had a 1.89% dividend. Thus, it's a little better than appears.
Santa left us with a cliffhanger today. For the first 5 of the 7 days 'Santa Rally period' we're up a cumulative +0.18% (compounded). The acid test will be the final 2 days -- Jan. 3 and Jan. 4. That's when the big boys and girls (institutional investors) resurface to stake their claim on moving the market -- up or down. Volume will pick up next week.
See next message for 5-day Santa Rally time period stats.
Gene