January Effect Fuels Investor Optimism
by CI Staff
Investors were able to celebrate a happy new year in the market too, as 2010’s late-year rally carried over to January. For the first month of 2011, the S&P 500 gained nearly 2.3%. The S&P did finally break its streak of nine consecutive weeks of gains, which led to investor bullishness dipping below 50% for the first time since November. This drop was short-lived, however, as investor optimism is again on the rise.
Results as of February 3, 2011:
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