marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,471
Back in January when the market was on fire, I saved the following CNBC article and set my calendar to check back on it today.
In short it says that: "...When January is higher, the final 11 months rise by an average of 12 percent, according to Detrick's calculations. When the S&P 500's gains are 5 percent or more, as it is tracking this year, the final 11 months surged an average 16 percent...."
https://www.cnbc.com/2018/01/29/sto...g-they-havent-done-in-more-than-60-years.html
With 6 weeks left in the year, I think I can safely say 'that ain't gonna happen'.
So, another 'expert' who's calculations and charts didn't mean a thing.
FWIW
In short it says that: "...When January is higher, the final 11 months rise by an average of 12 percent, according to Detrick's calculations. When the S&P 500's gains are 5 percent or more, as it is tracking this year, the final 11 months surged an average 16 percent...."
https://www.cnbc.com/2018/01/29/sto...g-they-havent-done-in-more-than-60-years.html
With 6 weeks left in the year, I think I can safely say 'that ain't gonna happen'.
So, another 'expert' who's calculations and charts didn't mean a thing.
FWIW