The Year In Cliches
• The "January Effect". Stock market action in the first week will determine the trend for the rest of the year.
• Mid-January: "Is it cold enough for you yet?"
• FOMC Meeting, January 29-30. "The Fed will stay the course."
• Sunday, February 3. NFL Super Bowl winner will determine the trend for the rest of the year.
• FOMC Meeting, March 19-21. "Analysts see no change in Fed policy."
• Easter, March 29. With nice weather retail sales will be good, but with poor weather, they won't.
• FOMC Meeting, April/May 30-1. "No discernible change in Fed stance."
• July 1. "Is it hot enough for you yet?"
• Mid-July, "Typical Summer Doldrums"
• FOMC Meeting, July 30-31. "Fed watchers see no need for change."
• Early August. "Typical Summer Rally"
• Mid-August. Farmers complain about too hot, too cold, rain, hail, drought, hoppers and rust.
• Early September. Back from vacation-time, fund managers see "outstanding value".
• FMOC Meeting, October 29-30. "Analysts describe Fed policy as 'too little, too late'."
• IPCC, December 1. "Unusually early start to winter is due to global warming."
• Institutional Advisors, Mid-December: "Turn-of-the-Year Effect" and "Santa Claus Rally".
- With Best Wishes for a Happy and Prosperous New Year,
The Institutional Advisors Team
