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A couple of thoughts:
1. I saw a chart somewhere that showed November and December as two of
the best months of the year for stocks - significantly better than
Sept/Oct which are the two worst. Unfortunately, I can't remember
where I saw this chart - if I find it, I'll send it on.
2. The legendary January Effect is discussed in this week's Barron's -
http://interactive.wsj.com/edition/current/articles/StrikingPrice.htm
The jist is that now that _everyone_ knows about it, its usefulness is
diminished.
3. In today's TheStreet.Com, Jim Cramer makes the following comments:
"These next three days have, historically, been about as bullish as
they come. First, the dearth of underwritings, courtesy of Turkey Day
festivities, takes away the usual supply problems we have been living
with these past few weeks.
Second, historically, FIDO has finished its mutual fund selling, in
order to make its distribution to shareholders. Talk about bullish
getting them out of the sell picture, particularly in the drugs and
drillers, could be a delight.
Third, many funds will have already made their distribution so tax
conscious mutual fund holders will at last begin to commit new funds
without fear of getting whammied by capital gains."
(BTW, FIDO == Fidelity)
Hope this helps,
Chip
---Bruce Waller <waller@xxxxxxxxxxxxxxxxx> wrote:
>
> All,
>
> An article found the other day indicated that US institutions have
> historically stayed out of the markets from Thanksgiving Day until
> Christmas Day an occurence which was supposed to allow a lot of
> uninformed buyers ?, ( not you blokes) bouy the US market along.
>
> Any comments in support or to the contrary of this statement would be
> welcome .
>
>
> Regards
> Bruce Waller
> Lorne Australia
>
>
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