Makes Even Less Sense

There is an article in today’s Wall Street Journal whose title is “What to Do When the January Indicator Says SELL.” The January indicator says that if the stock market ends the month of January in negative territory, there is a good possibility that it will end the year in a similar fashion. The article continues with quotes from experts who have studies the indicator. The first, a spokesman for a group of finance professors who have studied the theory and found no plausible explanation for...