There’s no more appropriate time for a market review and outlook statement for the month ahead. The famous January Effect has worked out off the back of a fiscal cliff affected Santa Claus rally and so subscribers and my financial planning clients are asking: “Can this rally last?”
I have two answers. First, for the year and probably 2014 — it sure can! Second, for the month ahead and into the mid-year — I don’t know.
I’m not a trader but if I was I’d be selling and taking profit because since mid-2012 we have done unbelievably well. It has been huge!