Now however those odds reverse as 6 of the last 10 January's have produced negative returns. For the many reasons I've gone over in the nightly updates I think we are probably going to see another January swoon this year.
I certainly don't expect it to be anything like last year though. Probably something on the order of a -10% correction is the most likely scenario before we start the next leg up in this cyclical bull, which by the way, I doubt will have more than three legs before rolling over into the next extended bear market phase.
More in the weekend report.