For both the S&P 500 and Nasdaq, this month made the top-ten list for the worst starts in each index's history (For the Dow, this January marked the 14th worst ever). In fact, for the Nasdaq, this was its worst January in history. Below we highlight the worst ten Januarys for each index, and how it fared during the month of February and the rest of the year. Unfortunately for the bulls, while February has a positive bias, the historical record for the rest of the year leans towards the negative side.
Subscribe to Bespoke Premium today to receive in-depth market research and specific stock reports.
Historical returns of asset classes show that after a really bad month there is considerable excess returns in months T+2 to T+3. In this case, March-April.
http://worldbeta.blogspot.com/2008/01/time-to-put-money-to-work.html
Posted by: WorldBeta | February 01, 2008 at 02:25 PM