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Roger Knights is a
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This flow-of-funds analysis is a good counterpoint to the typical market-direction guesswork, which assumes that stocks are being bought (or sold) because of a deliberate immediate liking for them, rather than following an automatic formula.
Jan 05 10:39 am
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All Comments by Roger Knights »Asset Re-Allocation Might Make S&P Rise 20% [View article]
I wonder if this re-allocation explains the January Effect? (But if so, then it would imply that January should be a down month if it follows an up-year and up-quarter.)