Winner-Loser Reversals in National Stock Market Indices: Can They be Explained?

Journal of Finance - Tập 52 Số 5 - Trang 2129 - 1997
Anthony J. Richards1
1International Monetary Fund. I thank Will Goetzmann, Mark Klock, Heidi Willmann Richards, René Stulz (the editor), an anonymous referee, and seminar participants at the Federal Reserve Board for comments, and Morgan Stanley and Company for providing some of the data used in this study. The views expressed in this article are those of the author, and do not necessarily reflect those of the International Monetary Fund.

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