By no means should this current market be considered sane. In fact, it is quite odd. It is odd because following a relatively strong year for the major averages in 2014, January is off to a completely nauseating start. According to well substantiated Wall Street lore, January is supposed to be a time of minting money following strong performance in the previous year. If January continues at its current pace, it will mark the second year in a row that Wall Street has been thrown a screw ball instead of a slow pitch in January.
While last year's malfeasance during the month proved to be benign in nature, there is a substantial possibility that this January has much more nefarious intentions in mind.
Allow me to demonstrate via the following 5 charts:
click chart to enlarge
NASDAQ COMPOSITE
NASDAQ 100
SOX
S&P 500
XLF
