First 5 days of January
Published January 6th, 2006 in Finance&Investing Tags: economy, finance, investing, stocks.
  Buy Stock Trader’s Almanac 2006 from Amazon.com 
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According to the Stock Trader’s Almanac 2006, if the S&P 500 gains value in the first five days of trading in any given calendar year, the index will end the year in positive territory. This was true for the last 30 years out of 35, resulting in a 85.7% accuracy. Four out of five exception years were due to war, according to the author. If you use the entire January gains as an indicator, the accuracy goes even higher to 90.9%, over the last 55 years! |
So here’s the last 3.5 days of the S&P 500. Unless the market goes down south significantly on Monday, we’ll finish the first five days in positive territory.
Then again, I think the following quote from January 12th entry of the almanac should be noted here:
“In the stock market those who expect history to repeat itself exactly are doomed to failure — Yale Hirsch”
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