Journal of Financial Planning: January 2001
Seasonal variations are impossible... If a seasonal variation in stock prices did exist, general knowledge of its existence would put an end to it." The previous quotation seems like it might be from a rabid, efficient-markets type. In fact, it was written 75 years ago by Richard N. Owens and Charles O. Hardy. These days, practitioner-oriented research publications frequently publish articles about day-of-the-week effects, turn-of-the-month effects, and others. Since this is being published in January, I thought I might discuss the latest on the granddaddy of all seasonal anomalies—the January effect.
To read the entire article as a PDF, please click HERE.
Topic
Investment Planning