Do you know that in the last century, every year that ends in "5" is a great year at Wall Street? According to CBS MarketWatch, Dow Jones Industrial Average (DJIA) gained an average of 38.5% in these years.
Year/DJIA 12-Months Gain %
But does it mean 2005 will also be a great year? Read on the article as the author plays devil's advocate. You all know I am in the bear's camp, and I like the article's conclusion that when a market is lack of enough bears, it is on the brink of freefall. Let's wait and see what 2005 will bring to us.