The Year Of The Snake Has Been The Worst For Stocks

It’s the Lunar New Year.  And according to the Chinese Zodiac, we have entered the year of the snake.

But if history predicts the future (and it usually doesn’t), than this could end up being an underperforming year for stocks.

From LPL Financial ‘s Jeff Kleintop:

Chinese Lunar New Year – 2013 is the year of the snake. A look back at average annual stock market returns from 1950 by zodiac sign shows us that the year of the snake has been the worst performing and one of only two zodiac years with negative returns. Unfortunately, this year’s animal has not been lucky for investors [Figure 1].

lpl kleintop zodiac snake

Photo: LPL Financial

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In