After a rough end to 2018, the markets are off to a good start in 2019. The S&P 500 Index is up 5.2 percent for the year so far - the strongest 12-day start to a calendar year in 32 years.
The Dow Jones Industrial Average is up 4.5 percent over the same period, while the Nasdaq Composite Index has logged a 6.8 percent advance. Small-cap stocks, as gauged by the Russell 2000 index are off to their best start in 32 years, boasting a gain of 8.8 percent this year.
That's the good news. The bad news is that 32 years ago was 1987, when the Russell rose 11.9 percent over the first 12 trading days and the S&P rallied 11.2 percent. But that was also the year of Black Friday, when the Dow sank by more than 22 percent in a single day.
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