NO.PZ2018062002000091
问题如下：
The January effect could be attributed to the following factors except:
选项：
A.Portfolio window dressing.
B.New information or news released in January.
C.Tax-loss selling.
解释：
B is correct.
Release of new information in January could not explain the January effect anomaly while tax-loss selling and portfolio window dressing are proved by researches that could be used to explain part of the seasonal pattern.
考点：Tests, Implications And Conclusions Of EMH
这道题让你选最不可能解释一月效应的选项。造成一月效应的原因不是由于在一月份公布的新的消息造成的，所以选B。
如标题
