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1/3/12

Good trading advice from Ritholtz today

Right here on this link.

Simple, straightforward and smart. Obligatory reading if you care about what happens in the market this week. Here's a short excerpt to whet the tastebuds:

Lots of fund managers come into the new year carrying plenty of cash. They had unceremoniously dumped the losers they were too embarrassed to show on their books at the end of Q4. This sets up the January effect, especially amongst smaller cap names, that can snap back after the December sales.
But it also leaves these managers holding excess cash, which they often feel compelled to put to work right away, so as to not fall behind their benchmark (which carries no cash).