Thursday, January 31, 2013

Will the January Effect Work in 2013?

image$$ – Will the January Effect work in 2013? As goes January, so goes the year – or so the saying goes.  Is this going to be true in 2013? 

But 2013 is shaping up as anything but a typical year, and market bulls depending on this trend do so in the face of a slew of obstacles against such dramatic moves higher.

You know, this is the third trip up over 1500 for the SP500.  Maybe too many folks are expecting the secular bear market to continue.  The 2000-3 and 2007-9 bear markets crushed a lot of investors, and may be setting the tone here in 2013 as we approach previous market highs.

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