What happened every year ending in "5" since reconstruction?
Fasten your seat belts and get your hard hats, 2015 is here. Last year the SPX was coming off of a 29% year, it wasn’t likely to happen again. It didn’t. It was up over 11% which is still respectable. The Dow was up 7.5% for the year. Since I am a stock market historian we have to mention the decennial pattern for years ending in the numeral ‘5’. According to the stockcharts.com website the number ‘5’ year has been an up year every time going back to 1885 (see chart).
They also state the low price for the year has been made in the first quarter every time except for 1965. One of the reasons for this condition is we are either in the first or third year of a presidential cycle.