January Effect Will Set Tone for Rest of 2010

Monday, 04 Jan 2010 02:45 PM
By: Sean Hyman

Back when I was a stock broker, we always used to watch two things at the first of the year.

The first one was how the first five days of the year did and the other was how the month of January ends up doing.

Why?

It’s because there’s a phenomenon called the “January Effect.â€