A Surprising Spin on a Bad January
There was much hand-wringing about the poor stock market returns in January. The financial media engaged in its usual frenzy of speculation about whether these results meant we were in for a “correction” or worse.
Typical of the financial babble about the “significance” of January returns is this silly observation by Matt King, chief investment officer at Bell Investment Advisors: “Frankly, we’ve been telling clients to expect a 5 percent to 10 percent decline. We didn’t think it would happen so early in the year, but it’s been such a good run for markets that a meaningful correction is normal and healthy.”
