Every year, I hear the pundits on the various business channels perpetuate the debate about whether the first five days of January will be a predictor for the rest of the year. Mark Hulbert, who has spent his journalism career studying such phenemenons as indicators and especially market-sentiment indicators, wrote this piece today:
Here is his article."...You can make no rational bet about the market's direction in 2009 based on how the stock market performs in the first five days of January."
