Bull Market? Up for the First Week of the Year!
The NASDAQ stock market was up for the first week of the year, albeit a small increase yet still an increase. Will it continue through the rest of the year? There are a lot of old sayings about the stock market at the beginning of the year:
As goes the first day, so goes the week.
As goes the first week, so goes the month.
As goes the first week, so goes the year.
So if these old sayings are true, then we may be in a nice bull market. By the way, do you know where the terms bull and bear market come from? Check out the information at investmenttrivia.com for more information about how these two animals (the bulls and the bears) came into the every day jargon of Wall Street.