If 2008 wasn't bad enough for most (unhedged) investors, 2009 has begun with a new record: The worst January in the history of the Standard & Poors 500 Index – down 8.6%.
The DJ Industrial Average declined by 8.8% and the Russell 2000 was lower by more than 11%.
As the old (created in 1972) adage says, "As goes January, so goes the year."
If you believe in this stuff, then be prepared. If you are a contrarian, then this may be your opportunity to get long. But, the future is a mystery to me, and I'm going to trade with a neutral bias.
I wish you all good trading, whatever you decide.