Friday, January 2, 2009

Equities: Another End of Month Rally

As I laid out in last month's post Pension Plans, the Equity Market, and Irrational Behavior that equity markets have rallied at the end of each month, right when pension plans tend to rebalance to equities. The trend continued in December.

1 comment:

  1. It has been a while, and I do not always pay attention, but wasn't this what the market did in 2000 and 2001? End of month rallies that drew some non-institutional buyers in, but mainly made the end of month statement, sent to investors, not look so bad.