Apple Inc (AAPL)

[chensk]

OT: Bootz, a good book to read about seasonal anomalies is "Stock Market Anomalies" edited by Elroy Dimson, Cambridge Univ Press, ISBN 0-521-34104-3, 1988.

It includes stuff on the" January Effect" and a chapter on "Two tests of the tax-loss selling hypothesis."

There was also a less serious book with the title of "Don't sell stocks on Monday" (sorry, don't have a reference to that handy) which also mentions the Santa Claus and January Effects. If memory serves, the author's name is Hersch or some variants of that spelling.

Seemed to me that the January Effect was very prominent as I played with stocks at about the time the "anomalies" book appeared. In subsequent years, I thought I noticed the effect spreading out from early January to a broad mush between December and February, and that it has pretty much diluted to nothing today. You still see it mentioned in WSJ and Barron's, though.

By the way, Dimson's book has copious mention of Sharpe's CAPM model, which later got Sharpe his Nobel Prize. These of course preceeded his loss of billions of investors' money on that hedge fund fiasco (I don't even remember the fund's name now -- almost brought down a few Central Banks .

- kc