Trader’s Almanac’s Hirsh says “more of the same”

Jeffrey Hirsch, president of the Hirsch Organization and editor of the “Stock Trader’s Almanac,” sees “more of the same” for U.S. stocks markets, with solid performance for the year. But first expect an adjustment (of 5 to 15 percent) starting in the second half of March because of:

  • tax season;
  • end of quarter sell-off; and
  • triple witching.

That should present buying opportunities for investors.

The outlook for 2013 is not as good. The first two years of a new presidential term are when bear markets are prevalent. They try to do the hard stuff in the first two years and then prime the pump in the two years leading up to the next election.