The S&P 500 index climbed 4.4% this January. According to the Trader's Almanac, after a positive January the S&P 500 has scored an up year 88.5% of the time since 1950. When you look at the first five weeks of this year, the gain was just under 7%, the best beginning since 1987. (Of course, that year had, challenges, with the October massacre shaving 20% from the S&P 500.).

"I believe that investors are like dieters, they look to January for a new beginning," Sam Stovall, chief investment strategist for S&P Capital IQ, says.

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