ART CASHIN: America's Worst Tragedies And Stock Market Crashes Occurred During The Year Of The Snake

Of all of the Chinese Zodiac years, the year of the snake has historically been the worst. In his latest note, UBS's Art Cashin goes through some of the bad ones. Will The January Effect Get Swallowed By The Snake? - The ever-alert Jim Brown, over at Option Investor, notes that the year of the snake is historically the least bullish of the twelve signs in the Asian zodiac. The prior snake (2001) saw a loss of 13.1% after losing 28% at one point. In the snake before that (1989), the S&P did manag...