Quote:
Originally Posted by glgene
I merely provided this year's January numbers for viewers to draw their own conclusions for the so-called "January Effect," which (as I stated) does NOT offer 100% probability. My original post displayed the probabilities that I heard on CNBC in late December 2013.
Investing is a personal decision, as you know. To answer your question, I won't be buying any "long" positions tomorrow (Feb. 3), based on reasons other than the "January Effect."
I neither accept nor reject the "January Effect." But others may...to each his/her own.
Gene
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Actually Gene,the so - called "January effect" is something other than what you are describing. It has to do with folks taking tax losses in December, making stocks cheaper in January, primarily small cap stocks. This has less validity in recent years since a lot if stocks are held in 401k's.