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The S&P 500 jumped 1.8% in the first five trading days of the year, so legend tells us 2012...

The S&P 500 jumped 1.8% in the first five trading days of the year, so legend tells us 2012 will be a positive year for stocks. The market has never fallen in a year when the first five days added 1.8% or more, and most of those gains were strong - if any real conclusions can be made from an event that's happened only 17 times in history.
Comments (5)
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    What's next - reading entrails? horoscopes?
    9 Jan 2012, 05:49 PM Reply Like
  • Billy Ford
    , contributor
    Comments (152) | Send Message
     
    Last year the market jumped in the first couple of weeks too, then what happened? Down a few tenths for the year. Im sure you can find all kind of historical trends, but my money is on the fact that this will be a rough year for stocks. Europe isnt even close to coming to a head yet and the events transpiring after will be some for the record books
    9 Jan 2012, 05:51 PM Reply Like
  • Demi9OD
    , contributor
    Comments (5) | Send Message
     
    Stocks close pennies off flat for the year. Stocks jump 1.8%, market has never fallen when first five days added 1.8% or more. It's just too scripted.
    9 Jan 2012, 05:51 PM Reply Like
  • Native Texan
    , contributor
    Comments (-724) | Send Message
     
    Exactly.
    9 Jan 2012, 09:21 PM Reply Like
  • PeakOiler
    , contributor
    Comments (295) | Send Message
     
    This year, an election year, the statistic will be right again. But there will be several periods worth shorting as well, just don't ask me when.
    9 Jan 2012, 06:24 PM Reply Like
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