Have stockmarkets set a losing pattern for the year?

The January barometer - that what happens in January is indicative of the year as a whole - is pretty flawed. However, some of the more reliable indicators around suggest that this year it could be proved right.

Every year at this time we mention the January barometer, a somewhat flawed indicator. The signal is that what happens in January is indicative for the year.

There are those who take it a stage further and say that what happens on the first trading day in January is indicative for January. Hence, they would logically argue that market behaviour on 2nd January sets the course for the next twelve months.

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