The Microcap Speculator

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Over at World Beta, Mebane Faber has a great post on the “January effect.”  That term describes the tendency of microcap and smallcap stocks to  dramatically outperform both on a relative and absolute basis during the month of January.  [...]

Peak-to-trough, the market meltdown lopped off over 50%  from the Russell Microcap Index (see weekly chart of ETF above).   The charts look even worse for many individual equities, particularly on the OTC BB.  Remember that OTC BB stocks are excluded from the Russell Microcap Index, which is really a blend between microcaps and smallcaps.
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