Will the January Barometer Ring True?
So goes January...
The axiom from the Stock Traders Almanac is that as goes January, so goes the year. So with that, let's take a look at how some of the major indexes fared for the month:
The Transports led, +7.6% (strong economy, anyone?)
The S&P Midcap 400 rose +3.7%
The Nasdaq gained +2.2%
The S&P 500 Index rose +1.5%
The Dollar Index (DXY) gained +1.15%
The CRB Index fell -2.0%
And oil, despite this week's big rally, still lost roughly -7% for the month.
Also, by style, growth outperformed value on average. This looks like a solid start to the year, and one that I think can continue, albeit it with some bumps and hiccups along the way.
posted by J. Kahn @ 2:24 PM
1 comments
1 Comments:
I am still very bullish on the company and the outlook for LBS rollouts in 2007.
Do you think investors can make excess return by betting on information in the public domain? If not, then does it mean you know something about SiRF that other don't?
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