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Rejoice, For Spring Has Sprung! At Last, the End of Winter is Upon Us
Posted By Barry Ritholtz On March 6, 2014 @ 9:00 am In Cycles,Markets,Psychology | Comments Disabled
Polar Vortex be gone! At long last, the end of this terrible winter of discontent is nearing. We can say with some degree of confidence that the light at the end of tunnel is not an oncoming locomotive.
Today is very likely to be the pivot day marking the end of this endless season. With temperatures in New York City and its environs in the teens, warmer, sunnier days await. Tomorrow we move into the 40s, the weekend will even see the 50s. Cheer as March ends with higher average temperatures than it began with. Celebrate the Crokus pushing up through the frozen ground. A full run of blossoms begin to tentatively show their selves in April, after hiding for the entire season below ground.
Rejoice SAD sufferers – Seasonal Affective Disorder – the clocks will mercifully get nudged forward, bringing an extra hour of daylight into the darkness of our days. The spring equinox is merely 10 days after, and for the next 6 months you can enjoy more sunlight than darkness (weather permitting).
Hibernation has never looked as good as it did this year. Perhaps the market’s ongoing rally is a testament to the evolutionary intelligence of market’s bears. The ursine crowd have simply disappeared, but do not be fooled.
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