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Strategies & Market Trends : Classic TA Workplace

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To: gsp6181 who wrote (29608)	1/30/2002 8:32:53 AM
From: bcrafty	Read Replies (2) of 209892

gsp, my understanding of "the January Effect" is that the market rises(or is "supposed" to rise)in January due to an inflow of money into mutual funds and stocks and from people with new money to invest and also from people re-buying whatever they sold the previous month for tax-loss purposes. Therefore January is "supposed" to be an up month. My comment yesterday was sarcastic in that I was saying that there was no "January Effect" this year, as we did not have an up month. This phenomenon (if it really is one) is not to be confused with the chestnut "as goes January, so goes the year" which is what I think you are referring to. That phrase is also of questionable value, as it certainly wasn't true last year with an up January and a down year. I couldn't connect to the article you mentioned, as I'm not a Forbes subscriber. Perhaps you copy and paste the text? TIA

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