My Blog, Your Money

It used to be that with every new year, I’d look forward to the January Effect where the stock market would rally.  However, in recent years, this has not been the case.  In fact, 6 of the past 10 Januaries have seen declines.  Furthermore, the average change in January from 2000 to 2009 for every index is negative with the Dow at -2.16%, Nasdaq at -0.82%, and the S&P 500 at -1.50%.

With the recent market declines, this month is not looking much better.  Whether this January ends up or down, I’m still confident that the market will continue its recovery and will reach its peak levels again.  And I’m not the only one.