It's January 31st! Investors and money managers like to use January's performance in the stock markets as an indication of how the rest of the year will play out. Frankly, I don't buy into that whole scenario. It's like the old caveat, "Past performance in not an indication of future results". This January really has nothing to do with January's of the past. The markets will do what the markets have always done and that is to outsmart the herd. So, be nimble, be flexible, and don't automatically assume anything when it comes to trading the markets.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
No comments:
Post a Comment