Mark Hulbert pens some of the best mindless drivel seen in a while:
“Fortunately, a disappointing first half does not automatically doom the second half of the year. A clue to this comes from just anecdotal evidence. Take 2009, for example, when the market lost ground for the first six months. Yet the second half of the year witnessed one of the strongest rallies in recent memory. To be sure, poor first halves have not always been followed by such pleasing reversals. There have been plenty of other years in which poor first halves were followed by poor second halves as well. But the historical record shows there is a largely random relationship between the market’s performance in the first and second halves of each year.”
Got those marching orders? Now move out men and women…there is money to lose!