Interview: Yale Hirsch: Market Historian by John Sweeney
Yale Hirsch is best known as the editor and publisher of The Stock Traderís Almanac, now in its 33rd annual edition. He is a stock market historian and stock analyst who could probably tell you, within reason, what the stock market is likely to do any hour, on any day, in any future year. Thatís not the result of any clairvoyance on his part, but rather the result of his detailed analysis of historical stock market behavior and cycles in differing political and economic environments.
The January barometer is the best-known indicator formulated by Hirsch, and it states that as January goes, so goes the entire stock market year. Other indicators he is known for include the Santa Claus rally and the best six consecutive months of the year. A firm observer of seasonality, Hirsch tracks similar recurring phenomena in mutual funds, fast-growing companies, and trading situations. STOCKS &COMMODITIES Editor John Sweeney caught up with the nationís market historian in late August 2000.