Uh, oh . . . one of the oldest Wall Street adages is the “January Effect,” which states that … so goes January, so goes the year. The bad news is that the Dow lost 8.4% this month, the worst January in history, indicating a terrible 2009. A little piece of good news is that … Continue reading Will the ‘January Effect’ ring true
Nothing chills a market like uncertainty
I’ve seen this show before. The best thing about seeing it the first time was that it did eventually end! There is now much discussion about a “good bank/bad bank” approach to solving the credit crisis. The problem is that banks cannot be sure how much capital they have to lend, because it’s impossible to … Continue reading Nothing chills a market like uncertainty
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