As the top panel of the table shows, January is no more predictive than many other months. If the month of January is up, the market is up 11 months later 80.77% of the time website design. While this may sound impressive, note that several months have a similar track record. Since all up months project positive returns 11 months later about 75% of the time, this suggests that the month of January is only slightly better than the average up month at predicting the direction of the market.

The bottom panel shows the results for the 11 months after a given month is down. If the month of January is down, the market is down 11 months later 45.16% of the time. While a down January ranks number one of all months in correctly predicting the direction of the market, it is no better than a coin toss in predicting the direction of the market 11 months later wireless internet service.

Conclusion internet phone service

In this business all too often many rational people are willing to blindly accept as fact a quote or soundbite without verifying its accuracy. Because the first 5 trading days of the year were up in 2010, they should not be viewed any differently than any other positive week for stocks when being used to predict market direction 51 weeks later. It is only when stocks are down in the first week of the year that the market acts differently in the ensuing 51 weeks internet access
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