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Pastimes : CLOWNS TO THE LEFT OF ME.. JOKERS TO THE RIGHT. -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (57)	4/21/2000 10:57:00 AM
From: Topannuity	Read Replies (1) \| Respond to of 306

In a recent newsletter, Jim Stack mentions the following seasonality pattern which starts right after tax day, April 16th: There is a striking disparity in average returns when comparing the period beginning April 16th to October 31st with the returns from the period beginning November 1st and ending on tax day, April 15th. If you examine the performance of the S&P 500 over the past half century, you'll find there was very little annualized gain during the 6 1/2 month period beginning right after tax day . . . just 3.6%. On the other hand, the average returns on the S&P over the remaining 5 1/2 months (Nov. 1 thru Apr. 15) averaged an annualized gain of nearly 16.5%! This disparity is even more pronounced for the Nasdaq where the average annualized gain from November 1st to April 15th was 25.2%, while the dismal gain from tax day through October 31st was the same as for the S&P 500 (3.6%).