January’s Volatility Compensates for 2014’s Calmness January ended with an intensity similar to the one witnessed at the end of December. During the last five trading days of December, Dow Jones Industrial Averages lost -1.3% and S&P 500 -1.4%. During the last five trading days of January, Dow lost an identical -1.3% and S&P 500 -1.7%. In…