In the stock markets, the so-called "January Effect" is the increase in stock prices during the month of January that commentators attribute to investors buying stocks after having sold them during the previous December (usually for tax reasons). Unlike most January's, last month the markets experienced a steep drop—the Dow Jones Industrial Average lost 5.3% from its 2013 year-end level. But I'm happy to say that the January Effect is alive and well at Globus!
