Sunday, January 10, 2016

It’s hard to spin the worst market week ever to begin a new year

Perhaps it was an omen that 2015 ended without a Santa Claus rally, and the final two days of trading were both in the red for most markets, but not many could have predicted that 2016 would start out with not only a continuation of the prior week’s trend, but end the week with a historic event for U.S. markets.
The worst week ever to begin a new year.
Not even in the Depression years of 1930 – 33 did the stock markets have a worse beginning to a new year, where on every single day at least 2 or 3 primary markets closed in the red.  And following the October crash of 2008, and the subsequent Great Recession that saw stock markets fall from 11,600 down to 6,600 at their trough, did either 2009 or 2010 begin worse than what took place this past week.


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