Being smart with $$ - Data mining works looking backward but not so much forward

In late December I highlighted how CNBC said the stock market historically rises by over 1% in the last 5 days of the year compared to less than 0.2% for other 5-day periods.  An opportunity???  I also pointed out that it is likely data mining as statistically speaking, SOME 5-day periods HAVE TO outperform.   So how did the market do in those last 5 days of 2014?  It fell by 1%.  As always, be careful what you believe out there.  And call me if you need SENSIBLE advice.

- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com