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JAN 11, 2013 - Business Insider

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FINANCIAL ADVISOR INSIGHTS: The January Indicator Doesn't Work (SPY, DIA)

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The First Five Days Of January Indicator Does Not Work (Barron's) Despite the performance of the Dow and S&P 500 in the first week of trading, Mark Hulbert writes that "hope is not a strategy". In fact, looking back to 1896, when the Dow was up the first five days of January, it was up 70 percent of the time the rest of the year and the average gain was 6.93 percent. Whereas, when it was down in the first five days of the year, it was up 58 percent for the rest of the ... Read More

Tags: FINANCIAL ADVISOR INSIGHTS: The January Indicator Doesn't Work (SPY, DIA),  Stock Market Latest News