Just in case you’re weren’t paying attention to the stock market in January…and why would you be…especially since I tell you not to…because I believe no one day, week, month, quarter, or even year…will have lasting impact on your life long investing career.
But when there’s good news…positive news…there’s nothing wrong with a little update. Because you’re not going to get a lot of positive news from most media outlets.
Here it is…stocks had their best January performance in 30-years. The Dow Jones Industrial Average was up 7.2% in January…its best January since 1989. The Dow is the one most folks refer to when talking about “The Market”. It’s the one the talking heads harp on.