I'd like this thread to consolidate a discussion on: 1. What is/are the Dec/Jan effects? (Are they distinct or one in the same?) 2. Why do these effects arise? 3. What is the outlook for these 'effects' in the coming 60 days? 4. What are some attractive ways of positioning to take advantage of this phenomenon. I guess as a thread originator I should begin with a contribution ... but that is the whole reason I've begun this thread. Namely, I vaguely understand the January effect, but never attempted to profit directly from it and don't have resources at hand. I realize there are hardcopy resources out there but I live overseas and concerned I wouldn't take delivery in time to digest and act on the material. I've considered going long the RUT or another small cap index, and spread it against the mini-DOW. Also considered going long a list of high-Beta small cap names and and possibly hedge w/ a short of the Dow. What do you think?