"worst january in the markets since 1982, we just wiped out last years gains in the dow in the last 3 weeks. Thems the facts."
Oooooh. Such an ominous "fact", too. Downright alarming... or not.
Dizzie, the Dow was up 3.1% last year. Wiping that out is a mere blip. Even from the high for the year, it doesn't even qualify as a genuine correction.
BTW, the S&P was up 9% last year and has only given up 3.7% of that in January. Oh, and it's up 36% in the last two years. Alarming, isn't it?
You might also be interested in knowing, since you like to deal in "them facts", that there have been five other Januaries since 1982 worse than that January, so saying January this year is worse than that one is hardly reason for alarm (especially since it was only down .45% in Jan 1982).
But more significantly, Jan 2000's -4.9% and Jan 1990's -5.9% are considerably larger losses than this year's -3.6%.
Dizzie, if you hope to persuade anyone to be as alarmed about the economy or market as you seem to be, at least try to get "them facts" right. |
