(a) Capricorn effect

Do you still remember the “Capricorn effect”? Though this phrase was used quite often in year 2011, this year, I do not really see this phrase commonly used in the newspapers this year. Put simply, “Capricorn effect” is the phenomenon whereby some people predict how the stock market will be like for a year by looking at the performance of the stocks in January. If we are to go by this effect, I think this year, the stock market should be quite similar to that in ...