Trigger and the Diamond Geezer
It’s not been a great month for dogs. Why do dog owners insist in taking dogs for walks in mud baths? Nor has it been a great month for stock market investors.Elsewhere my colleagues have considered “the January effect”. In a nutshell, if the market is down in January there is an 89% likelihood that the market will be down for the year, or barely changed. My pooch instinct is that markets will fall much more sharply, and then the US Federal reserve will be forced to step in cavalry-like to save the day – and the market will bounce and the merry-go-round will start again into 2015.