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This version of NSU News has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of NSU News, visit news.nova.edu.

This version of SharkBytes has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of SharkBytes, visit sharkbytes.nova.edu.

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Contact

Division of Public Relations and Marketing Communications
Nova Southeastern University
3301 College Avenue
Fort Lauderdale, Florida 33314-7796

nova.edu/prmc

SharkBytes Archives

Contact

Division of Public Relations and Marketing Communications
Nova Southeastern University
3301 College Avenue
Fort Lauderdale, Florida 33314-7796

(954) 262-5353
(800) 541-6682 x25353
Fax: (954) 262-3954
communications@nova.edu

Study: Jewish holidays affect stock market

A new study by Nova Southeastern University researchers finds that the old adage “sell Rosh Hashanah, buy Yom Kippur” does, in fact, yield higher returns.

“Observant Jewish traders represent a small proportion of all market participants but, at the margin, their withdrawal during the High Holy Days thins out the market, increases volatility and risk, and may discourage others from trading as well, thus creating a snowball effect,” said Pan Yatrakis, a Nova Southeastern University professor of finance and economics, in a news release.

Yatrakis co-authored the study with Albert Williams, an assistant professor of finance and economics.


Read the whole story on South Florida Business Journal!