An article in the Wall Street Journal notes that since 1926, stock prices have gone up more

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An article in the Wall Street Journal notes that since 1926, stock prices have gone up more in July than in any other month. Is this “July effect”

a pricing anomaly? Will you be able to earn a greater-than-normal return on your stock market investments if you buy stock at the beginning of July every year and sell at the end of July? Briefly explain.

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