BLOOMBERG Bloomberg Markets January 5, 2016
If you take a look at what we tend to see after a big drop in the first day of trading, it is not an indicator for the rest of the month. These are 1 losses or more going all the way back to 1932. These are the yellow bars. The orange bars, the rest of january. The first day of trading of the year is not a good predictor for the full year. The whole of january is a better predictor. Even when weve had a negative and steeply negative start to the year when january has been positive for the majority of the time. It is not necessarily a negative particular here for the rest of here for predictor ...
Source: archive.org