I got this from Mark Mulholland, manager of the Matthew 25 fund:
Going back 60 years, the stock market has been down at some point in the calendar year in each and every year except for 3. Those years were 1958, 1975, and this past year 2012.
The weird thing is that we came flying out of the gates in 2013, and the market has not been in the red at all for this year either. Are we going to see 2 years in a row of this unusual phenomenon.......or are we going to see some significant declines?
We'll be able to say with certainty by Christmas time. And maybe much, much sooner!
Stay tuned.
No comments:
Post a Comment