January Barometer
The January Barometer states that the movement of the index during January sets the stock market’s direction for the year. So far, during the past 10 years, this theory worked 7 times as seen in the chart below. This year, the PSEi is already up by 4.11%. Will the index hold on to its gains until the end of January?? If so, will we see another positive year this 2013?? We hope it does! 🙂
| Year | January % | Year % |
| 2012 | +7.10 | +29.03 |
| 2011 | -7.61% | +4.05% |
| 2010 | -3.26% | +37.65 |
| 2009 | -2.55% | +63.03 |
| 2008 | -9.82% | -48.30 |
| 2007 | +8.61% | +21.43 |
| 2006 | +2.35% | +42.27 |
| 2005 | +10.76% | +15.03 |
| 2004 | +4.57% | +26.35 |
| 2003 | +3.76% | +41.65 |
