Another informative chart by Birinyi Associates, Inc.

The chart is self explanatory (click on the chart to enlarge it).

This is how I read it. The market has appreciated at one of the fastest paces on record (for the first 250 days).

The most rampant bull markets (in the first 250 days) did close to nothing in the next 250 days. Caveat -- on average. And averages are made to be broken. Still, you know what the odds are.

This is one of the reasons we include in each issue of our The Peter Dag Portfolio our proprietary timing indicators. We believe market timing is going to be a crucial issue for investors in the coming year. We also emphasize asset classes providing generous dividends to increase the total return of the portfolio.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

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