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To: GrandPohba who wrote (3696)12/11/1997 1:58:00 AM
From: Jeffrey S. Mitchell  Respond to of 10786
 
January effect
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an effect observed in the United States whereby stocks, especially small stocks, have historically tended to rise markedly during the period starting on the last day of December and ending on the fourth trading day of January. This effect occurs due to year-end selling to create tax losses, recognize capital gains, effect portfolio window dressing or raise holiday cash. While such selling depresses the stocks, it has nothing to do with their fundamental worth and therefore bargain hunter investors quickly buy in creating the January rally.

Source: mtr-inc.com
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GrandPohba, perhaps none of this applies to you... but it does apply to the market in general.

- Jeff