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2014: Not Quite Déjà vu All Over Again

With apologies to Yogi Berra for manipulating his quote above, the saying still holds: 2014??s market performance to date isn??t exactly a continuation of 2013??s bull run.

2014: Not Quite Déjà vu All Over Again (Bloomberg)

With apologies to Yogi Berra for manipulating his quote above, the saying still holds: 2014??s market performance to date isn??t exactly a continuation of 2013??s bull run. In fact, it is just the opposite with the S&P 500 down 3.6 percent in the first month of the year. Of course, the U.S. Fed tapering its stimulus even more — down to ??just? $65 billion a month in purchases starting in February — has something to do with market performance. Also seemingly affected are emerging markets, with countries from Thailand to Turkey experiencing economic and/or political crises. But the news out of China that manufacturing is down, month over month, may be the final straw that actually breaks down market momentum. At least that??s how it seems this morning, with the indices in East Asia down again to start the week, and Europe starting flat. Will today be a route in the markets?  We??ll see.

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Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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