Did you know the S&P 500 Index has been up for 10 straight days now? Since 1980, this has happened only once….during January 1987.
Now you know.
Archive for the ‘Market Trivia’ Category
And the streak continues…
Friday, March 12th, 2010The President’s Day Effect?
Friday, February 12th, 2010
Market Trivia for the Day
The last day before President’s Day and the first 3 days following Presidents Day generally show losses on all major markets. We will see how this year turns out to be.
Also, if the first day after president day has an up close, the next 3 days following that have a bearish tone to the markets.
Stay tuned…
The January Effect – Fact or Fiction?
Tuesday, January 26th, 2010By Gaurav Gupta of FCI
There are a plethora of studies on the January Effect which states – as goes January, so goes the year. In 2009, the S&P posted a whopping 8.6% drop for the month (one of the worst January results ever); however, it was one of the best years for the S&P – ending up 26% for the year. So what happened to the January effect? We took a close look at it and observed a pattern with this study.
Over the last 10 years, the January effect holds true every alternate year. For example, in 2000, the S&P dropped in the month of January and the year ended on a negative note as well. However, in 2001, the S&P experienced a positive January but a down year. So the “January Effect” did not work in 2001. Since then, it has been happening once every two years – working in 2000, 2002, 2004, 2006, 2008 and now we are in 2010; January comes to a close in a couple of days. Will the effect work this year? The S&P is down about 2.5% for the month so far. If this study were to hold true, and we end the month negative, we could be seeing sharp declines in the S&P in 2010. Stay tuned…