Jon Quast

The same thing with the January barometer.

I mean, these are small, yes, usually up, but it's a small gain usually.

And we're looking at five years.

We're hoping to have invested in something that's multi-bagging opportunities, right?

And so when you're thinking about a difference of a percent or two, maybe really not all that consequential over the long term.

And it can be detrimental, right, to base things solely on this because think about 2021, for example.

January, the stocks were down 5%.

Now, if you're using this as a thing to guide your investing, you would say, I'm not investing in 2021 because the January barometer says not to.

In 2021, stocks were up 27% for the year, one of the greatest returns ever.

And so you wouldn't want to have missed that.

So

Matt, I guess my question is, is there any way we can use things like this, tax loss harvesting season, Santa Claus rally?

Is there any way that long-term investors, can we use this foolishly?

Yeah, I love that.

Basically, what we're saying here is the historical takeaway is that stocks go up most of the time.

So don't worry about the market condition so much as identifying those high quality businesses that you can buy and hold for the long term.

I love it.

Thank you, Matt.

That's going to end that segment.

And coming up, we're going to talk about some Tesla financial results.