January Effect?

Let’s hope that the January Effect does not hold this year.  (The idea that the year will end up or down based on what the markets do in January has held at times in the past, but not universally.)  Here are some January results for investment products that mirror a range of indexes.  We’re already 1/3 of the way to Dr. Doom’s prediction of a 25% drop in the markets in 2009.

Sym

Jan 09

Description

IVV

-8.13%

US Large Cap Stocks

ISI

-8.90%

US Small, Mid, and Large Cap Stocks

EFA

-13.73%

Europe, Australia, Japan Large Cap Stocks

ITF

-11.54%

Japan Large Cap Stocks

EEM

-9.29%

Emerging Market Large Cap Stocks

ILF

-1.88%

Latin America Large Cap Stocks

AGG

-1.99%

US Aggregate Bond Market

IFGL

-12.44%

International REITs

IFNA

-11.85%

North American REITs

GSG

-10.35%

Commodities

GLD

5.54%

Gold

VBINX

-5.18%

60% Wilshire 5000, 40% Aggregate Bond Index

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