Dollars and Jens
Tuesday, July 18, 2006
calendar effects
Nail this one to the counter.
The third quarter is typically the worst because of what might be called "the Hamptons effect," meaning, hey, it's summer, and bulls would rather be on the beach than making big changes to their portfolios.Because, you know, bulls like going to the beach, but bears like skiing, and take their vacations at other times of the year.
Earnings may not be much help, either. The analysts consulted for this story seem to agree that overall S&P 500 earnings growth in the second quarter through the rest of 2006 is likely to either meet or miss forecasts.Are these the same analysts who make those forecasts? Just wondering.
The article may have worthwhile content, but it's primarily, as with much financial journalism, for entertainment purposes only.
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