id	sid	tid	token	lemma	pos
fsr-3843	1	1	pii	pii	PROPN
fsr-3843	1	2	:	:	PUNCT
fsr-3843	1	3	s1057	s1057	NOUN
fsr-3843	1	4	-	-	PUNCT
fsr-3843	1	5	0810(99)80010	0810(99)80010	NOUN
fsr-3843	1	6	-	-	PUNCT
fsr-3843	1	7	9	9	NUM
fsr-3843	1	8	financial	financial	ADJ
fsr-3843	1	9	services	service	NOUN
fsr-3843	1	10	review	review	NOUN
fsr-3843	1	11	,	,	PUNCT
fsr-3843	1	12	7(1	7(1	NUM
fsr-3843	1	13	):	):	PUNCT
fsr-3843	1	14	11	11	NUM
fsr-3843	1	15	-	-	SYM
fsr-3843	1	16	23	23	NUM
fsr-3843	1	17	issn	issn	NOUN
fsr-3843	1	18	:	:	PUNCT
fsr-3843	1	19	1057	1057	NUM
fsr-3843	1	20	-	-	SYM
fsr-3843	1	21	0810	0810	NUM
fsr-3843	1	22	copyright	copyright	NOUN
fsr-3843	1	23	©	©	PROPN
fsr-3843	1	24	1998	1998	NUM
fsr-3843	1	25	by	by	ADP
fsr-3843	1	26	jai	jai	PROPN
fsr-3843	1	27	press	press	PROPN
fsr-3843	1	28	inc	inc	PROPN
fsr-3843	1	29	.	.	PUNCT
fsr-3843	2	1	all	all	DET
fsr-3843	2	2	rights	right	NOUN
fsr-3843	2	3	of	of	ADP
fsr-3843	2	4	reproduction	reproduction	NOUN
fsr-3843	2	5	in	in	ADP
fsr-3843	2	6	any	any	DET
fsr-3843	2	7	form	form	NOUN
fsr-3843	2	8	reserved	reserve	VERB
fsr-3843	2	9	.	.	PUNCT
fsr-3843	3	1	a	a	DET
fsr-3843	3	2	tax	tax	NOUN
fsr-3843	3	3	-	-	PUNCT
fsr-3843	3	4	free	free	ADJ
fsr-3843	3	5	exploitation	exploitation	NOUN
fsr-3843	3	6	of	of	ADP
fsr-3843	3	7	the	the	DET
fsr-3843	3	8	turn	turn	NOUN
fsr-3843	3	9	-	-	PUNCT
fsr-3843	3	10	of	of	ADP
fsr-3843	3	11	-	-	PUNCT
fsr-3843	3	12	the	the	DET
fsr-3843	3	13	-	-	PUNCT
fsr-3843	3	14	month	month	NOUN
fsr-3843	3	15	effect	effect	NOUN
fsr-3843	3	16	:	:	PUNCT
fsr-3843	3	17	c.r.e.f	c.r.e.f	PROPN
fsr-3843	3	18	.	.	PUNCT
fsr-3843	3	19	robert	robert	PROPN
fsr-3843	3	20	a.	a.	PROPN
fsr-3843	3	21	kunkel	kunkel	PROPN
fsr-3843	3	22	and	and	CCONJ
fsr-3843	3	23	wil	wil	PROPN
fsr-3843	3	24	l	l	PROPN
fsr-3843	3	25	iam	iam	PROPN
fsr-3843	4	1	s.	s.	PROPN
fsr-3843	4	2	c	c	PROPN
fsr-3843	5	1	o	o	NOUN
fsr-3843	5	2	m	m	VERB
fsr-3843	6	1	p	p	X
fsr-3843	6	2	t	t	X
fsr-3843	6	3	o	o	X
fsr-3843	6	4	n	n	CCONJ
fsr-3843	6	5	by	by	ADP
fsr-3843	6	6	applying	apply	VERB
fsr-3843	6	7	knowledge	knowledge	NOUN
fsr-3843	6	8	of	of	ADP
fsr-3843	6	9	the	the	DET
fsr-3843	6	10	"	"	PUNCT
fsr-3843	6	11	turn	turn	VERB
fsr-3843	6	12	-	-	PUNCT
fsr-3843	6	13	of	of	ADP
fsr-3843	6	14	-	-	PUNCT
fsr-3843	6	15	the	the	DET
fsr-3843	6	16	-	-	PUNCT
fsr-3843	6	17	month	month	NOUN
fsr-3843	6	18	"	"	PUNCT
fsr-3843	6	19	effect	effect	NOUN
fsr-3843	6	20	investors	investor	NOUN
fsr-3843	6	21	will	will	AUX
fsr-3843	6	22	improve	improve	VERB
fsr-3843	6	23	the	the	DET
fsr-3843	6	24	risk	risk	NOUN
fsr-3843	6	25	-	-	PUNCT
fsr-3843	6	26	adjusted	adjust	VERB
fsr-3843	6	27	performance	performance	NOUN
fsr-3843	6	28	of	of	ADP
fsr-3843	6	29	their	their	PRON
fsr-3843	6	30	retirement	retirement	NOUN
fsr-3843	6	31	accounts	account	NOUN
fsr-3843	6	32	by	by	ADP
fsr-3843	6	33	using	use	VERB
fsr-3843	6	34	a	a	DET
fsr-3843	6	35	simple	simple	ADJ
fsr-3843	6	36	and	and	CCONJ
fsr-3843	6	37	easily	easily	ADV
fsr-3843	6	38	implemented	implement	VERB
fsr-3843	6	39	"	"	PUNCT
fsr-3843	6	40	switching	switch	VERB
fsr-3843	6	41	"	"	PUNCT
fsr-3843	6	42	strategy	strategy	NOUN
fsr-3843	6	43	.	.	PUNCT
fsr-3843	7	1	our	our	PRON
fsr-3843	7	2	exploitation	exploitation	NOUN
fsr-3843	7	3	of	of	ADP
fsr-3843	7	4	the	the	DET
fsr-3843	7	5	turn	turn	NOUN
fsr-3843	7	6	-	-	PUNCT
fsr-3843	7	7	of	of	ADP
fsr-3843	7	8	-	-	PUNCT
fsr-3843	7	9	the	the	DET
fsr-3843	7	10	-	-	PUNCT
fsr-3843	7	11	month	month	NOUN
fsr-3843	7	12	anomaly	anomaly	NOUN
fsr-3843	7	13	achieves	achieve	VERB
fsr-3843	7	14	a	a	DET
fsr-3843	7	15	17	17	NUM
fsr-3843	7	16	.	.	NOUN
fsr-3843	7	17	7	7	NUM
fsr-3843	7	18	percent	percent	NOUN
fsr-3843	7	19	average	average	ADJ
fsr-3843	7	20	annual	annual	ADJ
fsr-3843	7	21	rate	rate	NOUN
fsr-3843	7	22	of	of	ADP
fsr-3843	7	23	return	return	NOUN
fsr-3843	7	24	by	by	ADP
fsr-3843	7	25	switching	switch	VERB
fsr-3843	7	26	between	between	ADP
fsr-3843	7	27	a	a	DET
fsr-3843	7	28	money	money	NOUN
fsr-3843	7	29	market	market	NOUN
fsr-3843	7	30	account	account	NOUN
fsr-3843	7	31	and	and	CCONJ
fsr-3843	7	32	a	a	DET
fsr-3843	7	33	broad	broad	ADJ
fsr-3843	7	34	market	market	NOUN
fsr-3843	7	35	indexed	index	VERB
fsr-3843	7	36	stock	stock	NOUN
fsr-3843	7	37	account	account	NOUN
fsr-3843	7	38	.	.	PUNCT
fsr-3843	8	1	this	this	PRON
fsr-3843	8	2	is	be	AUX
fsr-3843	8	3	compared	compare	VERB
fsr-3843	8	4	to	to	ADP
fsr-3843	8	5	a	a	DET
fsr-3843	8	6	15.6	15.6	NUM
fsr-3843	8	7	percent	percent	NOUN
fsr-3843	8	8	average	average	ADJ
fsr-3843	8	9	annual	annual	ADJ
fsr-3843	8	10	rate	rate	NOUN
fsr-3843	8	11	achieved	achieve	VERB
fsr-3843	8	12	by	by	ADP
fsr-3843	8	13	simply	simply	ADV
fsr-3843	8	14	buying	buy	VERB
fsr-3843	8	15	and	and	CCONJ
fsr-3843	8	16	holding	hold	VERB
fsr-3843	8	17	the	the	DET
fsr-3843	8	18	stock	stock	NOUN
fsr-3843	8	19	account	account	NOUN
fsr-3843	8	20	,	,	PUNCT
fsr-3843	8	21	or	or	CCONJ
fsr-3843	8	22	a	a	DET
fsr-3843	8	23	5.8	5.8	NUM
fsr-3843	8	24	percent	percent	NOUN
fsr-3843	8	25	rate	rate	NOUN
fsr-3843	8	26	on	on	ADP
fsr-3843	8	27	the	the	DET
fsr-3843	8	28	money	money	NOUN
fsr-3843	8	29	market	market	NOUN
fsr-3843	8	30	account	account	NOUN
fsr-3843	8	31	.	.	PUNCT
fsr-3843	9	1	additionally	additionally	ADV
fsr-3843	9	2	,	,	PUNCT
fsr-3843	9	3	volatility	volatility	NOUN
fsr-3843	9	4	is	be	AUX
fsr-3843	9	5	cut	cut	VERB
fsr-3843	9	6	in	in	ADP
fsr-3843	9	7	half	half	NOUN
fsr-3843	9	8	and	and	CCONJ
fsr-3843	9	9	there	there	PRON
fsr-3843	9	10	are	be	VERB
fsr-3843	9	11	no	no	DET
fsr-3843	9	12	tax	tax	NOUN
fsr-3843	9	13	consequences	consequence	NOUN
fsr-3843	9	14	or	or	CCONJ
fsr-3843	9	15	transactions	transaction	NOUN
fsr-3843	9	16	fees	fee	NOUN
fsr-3843	9	17	when	when	SCONJ
fsr-3843	9	18	the	the	DET
fsr-3843	9	19	switching	switch	VERB
fsr-3843	9	20	strategy	strategy	NOUN
fsr-3843	9	21	is	be	AUX
fsr-3843	9	22	used	use	VERB
fsr-3843	9	23	within	within	ADP
fsr-3843	9	24	a	a	DET
fsr-3843	9	25	retirement	retirement	NOUN
fsr-3843	9	26	account	account	NOUN
fsr-3843	9	27	.	.	PUNCT
fsr-3843	10	1	our	our	PRON
fsr-3843	10	2	results	result	NOUN
fsr-3843	10	3	suggests	suggest	VERB
fsr-3843	10	4	that	that	SCONJ
fsr-3843	10	5	this	this	DET
fsr-3843	10	6	strategy	strategy	NOUN
fsr-3843	10	7	might	might	AUX
fsr-3843	10	8	be	be	AUX
fsr-3843	10	9	suc	suc	ADJ
fsr-3843	10	10	cessfully	cessfully	ADV
fsr-3843	10	11	implemented	implement	VERB
fsr-3843	10	12	,	,	PUNCT
fsr-3843	10	13	under	under	ADP
fsr-3843	10	14	current	current	ADJ
fsr-3843	10	15	tax	tax	NOUN
fsr-3843	10	16	laws	law	NOUN
fsr-3843	10	17	,	,	PUNCT
fsr-3843	10	18	in	in	ADP
fsr-3843	10	19	qualified	qualified	ADJ
fsr-3843	10	20	retirement	retirement	NOUN
fsr-3843	10	21	plans	plan	NOUN
fsr-3843	10	22	and	and	CCONJ
fsr-3843	10	23	in	in	ADP
fsr-3843	10	24	variable	variable	ADJ
fsr-3843	10	25	annuities	annuity	NOUN
fsr-3843	10	26	.	.	PUNCT
fsr-3843	11	1	i.	i.	PROPN
fsr-3843	11	2	introduction	introduction	NOUN
fsr-3843	11	3	the	the	DET
fsr-3843	11	4	turn	turn	VERB
fsr-3843	11	5	-	-	PUNCT
fsr-3843	11	6	of	of	ADP
fsr-3843	11	7	-	-	PUNCT
fsr-3843	11	8	the	the	DET
fsr-3843	11	9	-	-	PUNCT
fsr-3843	11	10	month	month	NOUN
fsr-3843	11	11	effect	effect	NOUN
fsr-3843	11	12	in	in	ADP
fsr-3843	11	13	stock	stock	NOUN
fsr-3843	11	14	returns	return	NOUN
fsr-3843	11	15	has	have	AUX
fsr-3843	11	16	received	receive	VERB
fsr-3843	11	17	much	much	ADJ
fsr-3843	11	18	attention	attention	NOUN
fsr-3843	11	19	recently	recently	ADV
fsr-3843	11	20	,	,	PUNCT
fsr-3843	11	21	espe	espe	VERB
fsr-3843	11	22	cially	cially	ADV
fsr-3843	11	23	by	by	ADP
fsr-3843	11	24	those	those	PRON
fsr-3843	11	25	who	who	PRON
fsr-3843	11	26	have	have	AUX
fsr-3843	11	27	attempted	attempt	VERB
fsr-3843	11	28	to	to	PART
fsr-3843	11	29	document	document	VERB
fsr-3843	11	30	opportunities	opportunity	NOUN
fsr-3843	11	31	to	to	PART
fsr-3843	11	32	exploit	exploit	VERB
fsr-3843	11	33	this	this	DET
fsr-3843	11	34	apparent	apparent	ADJ
fsr-3843	11	35	mar	mar	PROPN
fsr-3843	11	36	ket	ket	PROPN
fsr-3843	11	37	anomaly	anomaly	NOUN
fsr-3843	11	38	.	.	PUNCT
fsr-3843	12	1	in	in	ADP
fsr-3843	12	2	one	one	NUM
fsr-3843	12	3	recent	recent	ADJ
fsr-3843	12	4	study	study	NOUN
fsr-3843	12	5	,	,	PUNCT
fsr-3843	12	6	henzel	henzel	NOUN
fsr-3843	12	7	and	and	CCONJ
fsr-3843	12	8	ziemba	ziemba	PROPN
fsr-3843	12	9	(	(	PUNCT
fsr-3843	12	10	1996	1996	NUM
fsr-3843	12	11	)	)	PUNCT
fsr-3843	12	12	demonstrate	demonstrate	VERB
fsr-3843	12	13	a	a	DET
fsr-3843	12	14	trading	trading	NOUN
fsr-3843	12	15	strategy	strategy	NOUN
fsr-3843	12	16	which	which	PRON
fsr-3843	12	17	achieves	achieve	VERB
fsr-3843	12	18	superior	superior	ADJ
fsr-3843	12	19	performance	performance	NOUN
fsr-3843	12	20	by	by	ADP
fsr-3843	12	21	switching	switch	VERB
fsr-3843	12	22	between	between	ADP
fsr-3843	12	23	an	an	DET
fsr-3843	12	24	interest	interest	NOUN
fsr-3843	12	25	beating	beat	VERB
fsr-3843	12	26	cash	cash	NOUN
fsr-3843	12	27	account	account	NOUN
fsr-3843	12	28	and	and	CCONJ
fsr-3843	12	29	the	the	DET
fsr-3843	12	30	s&p	s&p	PROPN
fsr-3843	12	31	500	500	NUM
fsr-3843	12	32	index	index	NOUN
fsr-3843	12	33	around	around	ADP
fsr-3843	12	34	the	the	DET
fsr-3843	12	35	turn	turn	NOUN
fsr-3843	12	36	-	-	PUNCT
fsr-3843	12	37	of	of	ADP
fsr-3843	12	38	-	-	PUNCT
fsr-3843	12	39	the	the	DET
fsr-3843	12	40	-	-	PUNCT
fsr-3843	12	41	month	month	NOUN
fsr-3843	12	42	.	.	PUNCT
fsr-3843	13	1	while	while	SCONJ
fsr-3843	13	2	ignoring	ignore	VERB
fsr-3843	13	3	transfer	transfer	NOUN
fsr-3843	13	4	costs	cost	NOUN
fsr-3843	13	5	and	and	CCONJ
fsr-3843	13	6	the	the	DET
fsr-3843	13	7	tax	tax	NOUN
fsr-3843	13	8	consequences	consequence	NOUN
fsr-3843	13	9	,	,	PUNCT
fsr-3843	13	10	they	they	PRON
fsr-3843	13	11	claim	claim	VERB
fsr-3843	13	12	the	the	DET
fsr-3843	13	13	results	result	NOUN
fsr-3843	13	14	would	would	AUX
fsr-3843	13	15	appeal	appeal	VERB
fsr-3843	13	16	to	to	ADP
fsr-3843	13	17	institutional	institutional	ADJ
fsr-3843	13	18	inves	inve	NOUN
fsr-3843	13	19	tors	tor	NOUN
fsr-3843	13	20	concerned	concern	VERB
fsr-3843	13	21	with	with	ADP
fsr-3843	13	22	the	the	DET
fsr-3843	13	23	timing	timing	NOUN
fsr-3843	13	24	of	of	ADP
fsr-3843	13	25	purchases	purchase	NOUN
fsr-3843	13	26	and	and	CCONJ
fsr-3843	13	27	sales	sale	NOUN
fsr-3843	13	28	.	.	PUNCT
fsr-3843	14	1	this	this	DET
fsr-3843	14	2	paper	paper	NOUN
fsr-3843	14	3	examines	examine	VERB
fsr-3843	14	4	whether	whether	SCONJ
fsr-3843	14	5	indi	indi	PROPN
fsr-3843	14	6	vidual	vidual	ADJ
fsr-3843	14	7	investors	investor	NOUN
fsr-3843	14	8	can	can	AUX
fsr-3843	14	9	exploit	exploit	VERB
fsr-3843	14	10	the	the	DET
fsr-3843	14	11	turn	turn	VERB
fsr-3843	14	12	-	-	PUNCT
fsr-3843	14	13	of	of	ADP
fsr-3843	14	14	-	-	PUNCT
fsr-3843	14	15	the	the	DET
fsr-3843	14	16	-	-	PUNCT
fsr-3843	14	17	month	month	NOUN
fsr-3843	14	18	effect	effect	NOUN
fsr-3843	14	19	in	in	ADP
fsr-3843	14	20	retirement	retirement	NOUN
fsr-3843	14	21	accounts	account	NOUN
fsr-3843	14	22	and	and	CCONJ
fsr-3843	14	23	variable	variable	ADJ
fsr-3843	14	24	annuities	annuity	NOUN
fsr-3843	14	25	.	.	PUNCT
fsr-3843	15	1	by	by	ADP
fsr-3843	15	2	applying	apply	VERB
fsr-3843	15	3	a	a	DET
fsr-3843	15	4	similar	similar	ADJ
fsr-3843	15	5	switching	switching	NOUN
fsr-3843	15	6	strategy	strategy	NOUN
fsr-3843	15	7	in	in	ADP
fsr-3843	15	8	a	a	DET
fsr-3843	15	9	tax	tax	NOUN
fsr-3843	15	10	-	-	PUNCT
fsr-3843	15	11	deferred	defer	VERB
fsr-3843	15	12	,	,	PUNCT
fsr-3843	15	13	no	no	DET
fsr-3843	15	14	transfer	transfer	NOUN
fsr-3843	15	15	cost	cost	NOUN
fsr-3843	15	16	retirement	retirement	NOUN
fsr-3843	15	17	fund	fund	NOUN
fsr-3843	15	18	we	we	PRON
fsr-3843	15	19	find	find	VERB
fsr-3843	15	20	that	that	SCONJ
fsr-3843	15	21	individual	individual	ADJ
fsr-3843	15	22	investors	investor	NOUN
fsr-3843	15	23	can	can	AUX
fsr-3843	15	24	exploit	exploit	VERB
fsr-3843	15	25	the	the	DET
fsr-3843	15	26	turn	turn	VERB
fsr-3843	15	27	-	-	PUNCT
fsr-3843	15	28	of	of	ADP
fsr-3843	15	29	-	-	PUNCT
fsr-3843	15	30	the	the	DET
fsr-3843	15	31	-	-	PUNCT
fsr-3843	15	32	month	month	NOUN
fsr-3843	15	33	effect	effect	NOUN
fsr-3843	15	34	and	and	CCONJ
fsr-3843	15	35	earn	earn	VERB
fsr-3843	15	36	superior	superior	ADJ
fsr-3843	15	37	risk	risk	NOUN
fsr-3843	15	38	-	-	PUNCT
fsr-3843	15	39	adjusted	adjust	VERB
fsr-3843	15	40	returns	return	NOUN
fsr-3843	15	41	while	while	SCONJ
fsr-3843	15	42	avoiding	avoid	VERB
fsr-3843	15	43	the	the	DET
fsr-3843	15	44	transfer	transfer	NOUN
fsr-3843	15	45	costs	cost	NOUN
fsr-3843	15	46	and	and	CCONJ
fsr-3843	15	47	tax	tax	NOUN
fsr-3843	15	48	con	con	NOUN
fsr-3843	15	49	sequences	sequence	NOUN
fsr-3843	15	50	of	of	ADP
fsr-3843	15	51	account	account	NOUN
fsr-3843	15	52	switching	switching	NOUN
fsr-3843	15	53	.	.	PUNCT
fsr-3843	16	1	william	william	PROPN
fsr-3843	16	2	s.	s.	PROPN
fsr-3843	16	3	compton	compton	PROPN
fsr-3843	16	4	•	•	PROPN
fsr-3843	16	5	department	department	PROPN
fsr-3843	16	6	of	of	ADP
fsr-3843	16	7	marketing	marketing	PROPN
fsr-3843	16	8	&	&	CCONJ
fsr-3843	16	9	finance	finance	NOUN
fsr-3843	16	10	,	,	PUNCT
fsr-3843	16	11	western	western	ADJ
fsr-3843	16	12	illinois	illinois	PROPN
fsr-3843	16	13	university	university	PROPN
fsr-3843	16	14	,	,	PUNCT
fsr-3843	16	15	macomb	macomb	PROPN
fsr-3843	16	16	,	,	PUNCT
fsr-3843	16	17	il	il	PROPN
fsr-3843	16	18	61455	61455	NUM
fsr-3843	16	19	-	-	SYM
fsr-3843	16	20	1390	1390	NUM
fsr-3843	16	21	.	.	PUNCT
fsr-3843	17	1	fax	fax	NOUN
fsr-3843	17	2	:	:	PUNCT
fsr-3843	17	3	(	(	PUNCT
fsr-3843	17	4	309	309	NUM
fsr-3843	17	5	)	)	PUNCT
fsr-3843	17	6	298	298	NUM
fsr-3843	17	7	-	-	SYM
fsr-3843	17	8	2198	2198	NUM
fsr-3843	17	9	;	;	PUNCT
fsr-3843	17	10	e	e	X
fsr-3843	17	11	-	-	NOUN
fsr-3843	17	12	mail	mail	NOUN
fsr-3843	17	13	:	:	PUNCT
fsr-3843	17	14	ws-compton@wiu.edu	ws-compton@wiu.edu	PROPN
fsr-3843	17	15	.	.	PUNCT
fsr-3843	18	1	robert	robert	PROPN
fsr-3843	18	2	a.	a.	PROPN
fsr-3843	18	3	kunkel	kunkel	PROPN
fsr-3843	18	4	•	•	ADP
fsr-3843	18	5	school	school	NOUN
fsr-3843	18	6	of	of	ADP
fsr-3843	18	7	business	business	NOUN
fsr-3843	18	8	,	,	PUNCT
fsr-3843	18	9	eastern	eastern	ADJ
fsr-3843	18	10	illinois	illinois	PROPN
fsr-3843	18	11	university	university	PROPN
fsr-3843	18	12	,	,	PUNCT
fsr-3843	18	13	charleston	charleston	PROPN
fsr-3843	18	14	,	,	PUNCT
fsr-3843	18	15	il	il	PROPN
fsr-3843	18	16	61920	61920	NUM
fsr-3843	18	17	-	-	SYM
fsr-3843	18	18	3099	3099	NUM
fsr-3843	18	19	.	.	PUNCT
fsr-3843	19	1	fax	fax	NOUN
fsr-3843	19	2	:	:	PUNCT
fsr-3843	19	3	(	(	PUNCT
fsr-3843	19	4	217	217	NUM
fsr-3843	19	5	)	)	PUNCT
fsr-3843	19	6	581	581	NUM
fsr-3843	19	7	-	-	SYM
fsr-3843	19	8	6247	6247	NUM
fsr-3843	19	9	;	;	PUNCT
fsr-3843	19	10	e	e	X
fsr-3843	19	11	-	-	NOUN
fsr-3843	19	12	mail	mail	NOUN
fsr-3843	19	13	:	:	PUNCT
fsr-3843	19	14	cfrak@eiu.edu	cfrak@eiu.edu	PROPN
fsr-3843	19	15	.	.	PROPN
fsr-3843	20	1	12	12	NUM
fsr-3843	20	2	financial	financial	ADJ
fsr-3843	20	3	services	service	NOUN
fsr-3843	20	4	review	review	VERB
fsr-3843	20	5	7(1	7(1	NUM
fsr-3843	20	6	)	)	PUNCT
fsr-3843	20	7	1998	1998	NUM
fsr-3843	20	8	ii	ii	PROPN
fsr-3843	20	9	.	.	PUNCT
fsr-3843	21	1	literature	literature	PROPN
fsr-3843	21	2	review	review	VERB
fsr-3843	21	3	evidence	evidence	NOUN
fsr-3843	21	4	of	of	ADP
fsr-3843	21	5	seasonal	seasonal	ADJ
fsr-3843	21	6	anomalies	anomaly	NOUN
fsr-3843	21	7	in	in	ADP
fsr-3843	21	8	stock	stock	NOUN
fsr-3843	21	9	returns	return	NOUN
fsr-3843	21	10	has	have	AUX
fsr-3843	21	11	generated	generate	VERB
fsr-3843	21	12	considerable	considerable	ADJ
fsr-3843	21	13	public	public	ADJ
fsr-3843	21	14	interest	interest	NOUN
fsr-3843	21	15	in	in	ADP
fsr-3843	21	16	recent	recent	ADJ
fsr-3843	21	17	years	year	NOUN
fsr-3843	21	18	and	and	CCONJ
fsr-3843	21	19	a	a	DET
fsr-3843	21	20	significant	significant	ADJ
fsr-3843	21	21	amount	amount	NOUN
fsr-3843	21	22	of	of	ADP
fsr-3843	21	23	research	research	NOUN
fsr-3843	21	24	has	have	AUX
fsr-3843	21	25	been	be	AUX
fsr-3843	21	26	devoted	devote	VERB
fsr-3843	21	27	toward	toward	ADP
fsr-3843	21	28	documenting	document	VERB
fsr-3843	21	29	their	their	PRON
fsr-3843	21	30	existence	existence	NOUN
fsr-3843	21	31	and	and	CCONJ
fsr-3843	21	32	potential	potential	NOUN
fsr-3843	21	33	for	for	ADP
fsr-3843	21	34	generating	generate	VERB
fsr-3843	21	35	abnormal	abnormal	ADJ
fsr-3843	21	36	returns	return	NOUN
fsr-3843	21	37	.	.	PUNCT
fsr-3843	22	1	much	much	ADJ
fsr-3843	22	2	of	of	ADP
fsr-3843	22	3	the	the	DET
fsr-3843	22	4	empirical	empirical	ADJ
fsr-3843	22	5	evi	evi	NOUN
fsr-3843	22	6	dence	dence	NOUN
fsr-3843	22	7	suggests	suggest	VERB
fsr-3843	22	8	that	that	SCONJ
fsr-3843	22	9	these	these	DET
fsr-3843	22	10	abnormal	abnormal	ADJ
fsr-3843	22	11	returns	return	NOUN
fsr-3843	22	12	are	be	AUX
fsr-3843	22	13	economically	economically	ADV
fsr-3843	22	14	insignificant	insignificant	ADJ
fsr-3843	22	15	once	once	SCONJ
fsr-3843	22	16	transac	transac	NOUN
fsr-3843	22	17	tions	tion	NOUN
fsr-3843	22	18	costs	cost	NOUN
fsr-3843	22	19	and	and	CCONJ
fsr-3843	22	20	tax	tax	NOUN
fsr-3843	22	21	consequences	consequence	NOUN
fsr-3843	22	22	are	be	AUX
fsr-3843	22	23	considered	consider	VERB
fsr-3843	22	24	.	.	PUNCT
fsr-3843	23	1	the	the	DET
fsr-3843	23	2	january	january	PROPN
fsr-3843	23	3	effect	effect	NOUN
fsr-3843	23	4	,	,	PUNCT
fsr-3843	23	5	in	in	ADP
fsr-3843	23	6	which	which	PRON
fsr-3843	23	7	average	average	ADJ
fsr-3843	23	8	stock	stock	NOUN
fsr-3843	23	9	returns	return	NOUN
fsr-3843	23	10	are	be	AUX
fsr-3843	23	11	higher	high	ADJ
fsr-3843	23	12	in	in	ADP
fsr-3843	23	13	january	january	PROPN
fsr-3843	23	14	than	than	ADP
fsr-3843	23	15	in	in	ADP
fsr-3843	23	16	any	any	DET
fsr-3843	23	17	other	other	ADJ
fsr-3843	23	18	month	month	NOUN
fsr-3843	23	19	,	,	PUNCT
fsr-3843	23	20	is	be	AUX
fsr-3843	23	21	perhaps	perhaps	ADV
fsr-3843	23	22	the	the	DET
fsr-3843	23	23	best	well	ADV
fsr-3843	23	24	known	know	VERB
fsr-3843	23	25	and	and	CCONJ
fsr-3843	23	26	most	most	ADV
fsr-3843	23	27	extensively	extensively	ADV
fsr-3843	23	28	documented	document	VERB
fsr-3843	23	29	seasonal	seasonal	ADJ
fsr-3843	23	30	anom	anom	PROPN
fsr-3843	23	31	aly	aly	PROPN
fsr-3843	23	32	.	.	PUNCT
fsr-3843	24	1	the	the	DET
fsr-3843	24	2	persistence	persistence	NOUN
fsr-3843	24	3	of	of	ADP
fsr-3843	24	4	this	this	DET
fsr-3843	24	5	phenomenon	phenomenon	NOUN
fsr-3843	24	6	over	over	ADP
fsr-3843	24	7	the	the	DET
fsr-3843	24	8	years	year	NOUN
fsr-3843	24	9	,	,	PUNCT
fsr-3843	24	10	despite	despite	SCONJ
fsr-3843	24	11	the	the	DET
fsr-3843	24	12	attention	attention	NOUN
fsr-3843	24	13	it	it	PRON
fsr-3843	24	14	has	have	VERB
fsr-3843	24	15	gener	gener	PROPN
fsr-3843	24	16	ated	ate	VERB
fsr-3843	24	17	in	in	ADP
fsr-3843	24	18	the	the	DET
fsr-3843	24	19	popular	popular	ADJ
fsr-3843	24	20	press	press	NOUN
fsr-3843	24	21	,	,	PUNCT
fsr-3843	24	22	has	have	AUX
fsr-3843	24	23	been	be	AUX
fsr-3843	24	24	reaffirmed	reaffirm	VERB
fsr-3843	24	25	in	in	ADP
fsr-3843	24	26	innumerable	innumerable	ADJ
fsr-3843	24	27	academic	academic	ADJ
fsr-3843	24	28	articles	article	NOUN
fsr-3843	24	29	since	since	SCONJ
fsr-3843	24	30	it	it	PRON
fsr-3843	24	31	was	be	AUX
fsr-3843	24	32	first	first	ADV
fsr-3843	24	33	observed	observe	VERB
fsr-3843	24	34	more	more	ADJ
fsr-3843	24	35	than	than	ADP
fsr-3843	24	36	50	50	NUM
fsr-3843	24	37	years	year	NOUN
fsr-3843	24	38	ago	ago	ADV
fsr-3843	24	39	(	(	PUNCT
fsr-3843	24	40	wachtel	wachtel	NOUN
fsr-3843	24	41	,	,	PUNCT
fsr-3843	24	42	1942	1942	NUM
fsr-3843	24	43	)	)	PUNCT
fsr-3843	24	44	and	and	CCONJ
fsr-3843	24	45	rediscovered	rediscover	VERB
fsr-3843	24	46	more	more	ADV
fsr-3843	24	47	recently	recently	ADV
fsr-3843	24	48	(	(	PUNCT
fsr-3843	24	49	rozeff	rozeff	PROPN
fsr-3843	24	50	&	&	CCONJ
fsr-3843	24	51	kinney	kinney	PROPN
fsr-3843	24	52	,	,	PUNCT
fsr-3843	24	53	1976	1976	NUM
fsr-3843	24	54	)	)	PUNCT
fsr-3843	24	55	.	.	PUNCT
fsr-3843	25	1	among	among	ADP
fsr-3843	25	2	the	the	DET
fsr-3843	25	3	possible	possible	ADJ
fsr-3843	25	4	explanations	explanation	NOUN
fsr-3843	25	5	proposed	propose	VERB
fsr-3843	25	6	by	by	ADP
fsr-3843	25	7	wachtel	wachtel	NOUN
fsr-3843	25	8	are	be	AUX
fsr-3843	25	9	year	year	NOUN
fsr-3843	25	10	end	end	NOUN
fsr-3843	25	11	selling	selling	NOUN
fsr-3843	25	12	of	of	ADP
fsr-3843	25	13	stocks	stock	NOUN
fsr-3843	25	14	for	for	ADP
fsr-3843	25	15	tax	tax	NOUN
fsr-3843	25	16	loss	loss	NOUN
fsr-3843	25	17	purposes	purpose	NOUN
fsr-3843	25	18	and	and	CCONJ
fsr-3843	25	19	a	a	DET
fsr-3843	25	20	"	"	PUNCT
fsr-3843	25	21	general	general	ADJ
fsr-3843	25	22	feeling	feeling	NOUN
fsr-3843	25	23	of	of	ADP
fsr-3843	25	24	good	good	ADJ
fsr-3843	25	25	fellowship	fellowship	NOUN
fsr-3843	25	26	and	and	CCONJ
fsr-3843	25	27	cheer	cheer	NOUN
fsr-3843	25	28	"	"	PUNCT
fsr-3843	25	29	during	during	ADP
fsr-3843	25	30	christmas	christmas	PROPN
fsr-3843	25	31	holidays	holiday	NOUN
fsr-3843	25	32	(	(	PUNCT
fsr-3843	25	33	wachtel	wachtel	ADJ
fsr-3843	25	34	,	,	PUNCT
fsr-3843	25	35	p.	p.	NOUN
fsr-3843	25	36	186	186	NUM
fsr-3843	25	37	)	)	PUNCT
fsr-3843	25	38	.	.	PUNCT
fsr-3843	26	1	the	the	DET
fsr-3843	26	2	tax	tax	NOUN
fsr-3843	26	3	-	-	PUNCT
fsr-3843	26	4	loss	loss	NOUN
fsr-3843	26	5	selling	selling	NOUN
fsr-3843	26	6	hypothesis	hypothesis	NOUN
fsr-3843	26	7	is	be	AUX
fsr-3843	26	8	gen	gen	AUX
fsr-3843	26	9	erally	erally	ADV
fsr-3843	26	10	considered	consider	VERB
fsr-3843	26	11	the	the	DET
fsr-3843	26	12	most	most	ADV
fsr-3843	26	13	likely	likely	ADJ
fsr-3843	26	14	explanation	explanation	NOUN
fsr-3843	26	15	for	for	ADP
fsr-3843	26	16	the	the	DET
fsr-3843	26	17	january	january	PROPN
fsr-3843	26	18	rebound	rebound	NOUN
fsr-3843	26	19	and	and	CCONJ
fsr-3843	26	20	has	have	AUX
fsr-3843	26	21	received	receive	VERB
fsr-3843	26	22	the	the	DET
fsr-3843	26	23	strongest	strong	ADJ
fsr-3843	26	24	support	support	NOUN
fsr-3843	26	25	in	in	ADP
fsr-3843	26	26	the	the	DET
fsr-3843	26	27	academic	academic	ADJ
fsr-3843	26	28	literature	literature	NOUN
fsr-3843	26	29	.	.	PUNCT
fsr-3843	27	1	early	early	ADJ
fsr-3843	27	2	work	work	NOUN
fsr-3843	27	3	by	by	ADP
fsr-3843	27	4	keim	keim	NOUN
fsr-3843	27	5	(	(	PUNCT
fsr-3843	27	6	1983	1983	NUM
fsr-3843	27	7	)	)	PUNCT
fsr-3843	27	8	,	,	PUNCT
fsr-3843	27	9	roll	roll	NOUN
fsr-3843	27	10	(	(	PUNCT
fsr-3843	27	11	1983	1983	NUM
fsr-3843	27	12	)	)	PUNCT
fsr-3843	27	13	,	,	PUNCT
fsr-3843	27	14	and	and	CCONJ
fsr-3843	27	15	reinganum	reinganum	PROPN
fsr-3843	27	16	(	(	PUNCT
fsr-3843	27	17	1983	1983	NUM
fsr-3843	27	18	)	)	PUNCT
fsr-3843	27	19	link	link	VERB
fsr-3843	27	20	the	the	DET
fsr-3843	27	21	observed	observe	VERB
fsr-3843	27	22	january	january	PROPN
fsr-3843	27	23	seasonal	seasonal	ADJ
fsr-3843	27	24	to	to	ADP
fsr-3843	27	25	small	small	ADJ
fsr-3843	27	26	firm	firm	NOUN
fsr-3843	27	27	return	return	NOUN
fsr-3843	27	28	patterns	pattern	NOUN
fsr-3843	27	29	in	in	ADP
fsr-3843	27	30	january	january	PROPN
fsr-3843	27	31	and	and	CCONJ
fsr-3843	27	32	this	this	DET
fsr-3843	27	33	connection	connection	NOUN
fsr-3843	27	34	has	have	AUX
fsr-3843	27	35	been	be	AUX
fsr-3843	27	36	rein	rein	NOUN
fsr-3843	27	37	forced	force	VERB
fsr-3843	27	38	by	by	ADP
fsr-3843	27	39	others	other	NOUN
fsr-3843	27	40	.	.	PUNCT
fsr-3843	28	1	lakonishok	lakonishok	NOUN
fsr-3843	28	2	and	and	CCONJ
fsr-3843	28	3	smidt	smidt	NOUN
fsr-3843	28	4	(	(	PUNCT
fsr-3843	28	5	1984	1984	NUM
fsr-3843	28	6	)	)	PUNCT
fsr-3843	28	7	,	,	PUNCT
fsr-3843	28	8	ritter	ritter	NOUN
fsr-3843	28	9	(	(	PUNCT
fsr-3843	28	10	1988	1988	NUM
fsr-3843	28	11	)	)	PUNCT
fsr-3843	28	12	,	,	PUNCT
fsr-3843	28	13	and	and	CCONJ
fsr-3843	28	14	johnston	johnston	PROPN
fsr-3843	28	15	and	and	CCONJ
fsr-3843	28	16	cox	cox	PROPN
fsr-3843	28	17	(	(	PUNCT
fsr-3843	28	18	1996	1996	NUM
fsr-3843	28	19	)	)	PUNCT
fsr-3843	28	20	find	find	VERB
fsr-3843	28	21	that	that	SCONJ
fsr-3843	28	22	tax	tax	NOUN
fsr-3843	28	23	motivated	motivated	ADJ
fsr-3843	28	24	trading	trading	NOUN
fsr-3843	28	25	of	of	ADP
fsr-3843	28	26	small	small	ADJ
fsr-3843	28	27	capitalization	capitalization	NOUN
fsr-3843	28	28	stocks	stock	NOUN
fsr-3843	28	29	by	by	ADP
fsr-3843	28	30	individual	individual	ADJ
fsr-3843	28	31	investors	investor	NOUN
fsr-3843	28	32	drives	drive	VERB
fsr-3843	28	33	the	the	DET
fsr-3843	28	34	january	january	PROPN
fsr-3843	28	35	rebound	rebound	NOUN
fsr-3843	28	36	.	.	PUNCT
fsr-3843	29	1	haugen	haugen	PROPN
fsr-3843	29	2	and	and	CCONJ
fsr-3843	29	3	lakonishok	lakonishok	PROPN
fsr-3843	29	4	(	(	PUNCT
fsr-3843	29	5	1987	1987	NUM
fsr-3843	29	6	)	)	PUNCT
fsr-3843	29	7	,	,	PUNCT
fsr-3843	29	8	and	and	CCONJ
fsr-3843	29	9	ritter	ritter	PROPN
fsr-3843	29	10	and	and	CCONJ
fsr-3843	29	11	chopra	chopra	PROPN
fsr-3843	29	12	(	(	PUNCT
fsr-3843	29	13	1989	1989	NUM
fsr-3843	29	14	)	)	PUNCT
fsr-3843	29	15	suggest	suggest	VERB
fsr-3843	29	16	that	that	SCONJ
fsr-3843	29	17	portfolio	portfolio	NOUN
fsr-3843	29	18	rebalancing	rebalancing	NOUN
fsr-3843	29	19	(	(	PUNCT
fsr-3843	29	20	or	or	CCONJ
fsr-3843	29	21	window	window	NOUN
fsr-3843	29	22	dressing	dressing	NOUN
fsr-3843	29	23	)	)	PUNCT
fsr-3843	29	24	by	by	ADP
fsr-3843	29	25	professional	professional	ADJ
fsr-3843	29	26	portfolio	portfolio	NOUN
fsr-3843	29	27	managers	manager	NOUN
fsr-3843	29	28	to	to	ADP
fsr-3843	29	29	clear	clear	ADJ
fsr-3843	29	30	smaller	small	ADJ
fsr-3843	29	31	,	,	PUNCT
fsr-3843	29	32	lesser	lesser	ADV
fsr-3843	29	33	known	know	VERB
fsr-3843	29	34	companies	company	NOUN
fsr-3843	29	35	off	off	ADP
fsr-3843	29	36	the	the	DET
fsr-3843	29	37	books	book	NOUN
fsr-3843	29	38	is	be	AUX
fsr-3843	29	39	another	another	DET
fsr-3843	29	40	likely	likely	ADJ
fsr-3843	29	41	source	source	NOUN
fsr-3843	29	42	of	of	ADP
fsr-3843	29	43	the	the	DET
fsr-3843	29	44	apparent	apparent	ADJ
fsr-3843	29	45	anomaly	anomaly	NOUN
fsr-3843	29	46	.	.	PUNCT
fsr-3843	30	1	several	several	ADJ
fsr-3843	30	2	studies	study	NOUN
fsr-3843	30	3	attribute	attribute	VERB
fsr-3843	30	4	the	the	DET
fsr-3843	30	5	january	january	PROPN
fsr-3843	30	6	effect	effect	NOUN
fsr-3843	30	7	to	to	ADP
fsr-3843	30	8	variation	variation	NOUN
fsr-3843	30	9	in	in	ADP
fsr-3843	30	10	risk	risk	NOUN
fsr-3843	30	11	premia	premia	NOUN
fsr-3843	30	12	or	or	CCONJ
fsr-3843	30	13	expected	expect	VERB
fsr-3843	30	14	returns	return	NOUN
fsr-3843	30	15	and	and	CCONJ
fsr-3843	30	16	suggest	suggest	VERB
fsr-3843	30	17	either	either	CCONJ
fsr-3843	30	18	that	that	SCONJ
fsr-3843	30	19	the	the	DET
fsr-3843	30	20	assumed	assume	VERB
fsr-3843	30	21	positive	positive	ADJ
fsr-3843	30	22	risk	risk	NOUN
fsr-3843	30	23	-	-	PUNCT
fsr-3843	30	24	return	return	NOUN
fsr-3843	30	25	tradeoff	tradeoff	NOUN
fsr-3843	30	26	is	be	AUX
fsr-3843	30	27	restricted	restrict	VERB
fsr-3843	30	28	to	to	ADP
fsr-3843	30	29	small	small	ADJ
fsr-3843	30	30	stocks	stock	NOUN
fsr-3843	30	31	in	in	ADP
fsr-3843	30	32	january	january	PROPN
fsr-3843	30	33	(	(	PUNCT
fsr-3843	30	34	tinic	tinic	PROPN
fsr-3843	30	35	&	&	CCONJ
fsr-3843	30	36	west	west	PROPN
fsr-3843	30	37	,	,	PUNCT
fsr-3843	30	38	1984	1984	NUM
fsr-3843	30	39	)	)	PUNCT
fsr-3843	30	40	or	or	CCONJ
fsr-3843	30	41	that	that	SCONJ
fsr-3843	30	42	smaller	small	ADJ
fsr-3843	30	43	stocks	stock	NOUN
fsr-3843	30	44	are	be	AUX
fsr-3843	30	45	simply	simply	ADV
fsr-3843	30	46	riskier	risky	ADJ
fsr-3843	30	47	in	in	ADP
fsr-3843	30	48	january	january	PROPN
fsr-3843	30	49	than	than	ADP
fsr-3843	30	50	at	at	ADP
fsr-3843	30	51	other	other	ADJ
fsr-3843	30	52	times	time	NOUN
fsr-3843	30	53	of	of	ADP
fsr-3843	30	54	the	the	DET
fsr-3843	30	55	year	year	NOUN
fsr-3843	30	56	(	(	PUNCT
fsr-3843	30	57	chan	chan	PROPN
fsr-3843	30	58	,	,	PUNCT
fsr-3843	30	59	chen	chen	PROPN
fsr-3843	30	60	,	,	PUNCT
fsr-3843	30	61	&	&	CCONJ
fsr-3843	30	62	hsieh	hsieh	PROPN
fsr-3843	30	63	,	,	PUNCT
fsr-3843	30	64	1985	1985	NUM
fsr-3843	30	65	;	;	PUNCT
fsr-3843	30	66	rogalski	rogalski	NOUN
fsr-3843	30	67	&	&	CCONJ
fsr-3843	30	68	tinic	tinic	PROPN
fsr-3843	30	69	,	,	PUNCT
fsr-3843	30	70	1986	1986	NUM
fsr-3843	30	71	)	)	PUNCT
fsr-3843	30	72	.	.	PUNCT
fsr-3843	31	1	the	the	DET
fsr-3843	31	2	information	information	NOUN
fsr-3843	31	3	hypothesis	hypothesis	NOUN
fsr-3843	31	4	proposed	propose	VERB
fsr-3843	31	5	by	by	ADP
fsr-3843	31	6	ritter	ritter	PROPN
fsr-3843	31	7	(	(	PUNCT
fsr-3843	31	8	1988	1988	NUM
fsr-3843	31	9	)	)	PUNCT
fsr-3843	31	10	suggests	suggest	VERB
fsr-3843	31	11	that	that	SCONJ
fsr-3843	31	12	informed	inform	VERB
fsr-3843	31	13	investors	investor	NOUN
fsr-3843	31	14	are	be	AUX
fsr-3843	31	15	perceived	perceive	VERB
fsr-3843	31	16	to	to	PART
fsr-3843	31	17	have	have	VERB
fsr-3843	31	18	a	a	DET
fsr-3843	31	19	larger	large	ADJ
fsr-3843	31	20	relative	relative	ADJ
fsr-3843	31	21	advantage	advantage	NOUN
fsr-3843	31	22	when	when	SCONJ
fsr-3843	31	23	trading	trade	VERB
fsr-3843	31	24	after	after	ADP
fsr-3843	31	25	the	the	DET
fsr-3843	31	26	turn	turn	NOUN
fsr-3843	31	27	-	-	PUNCT
fsr-3843	31	28	of	of	ADP
fsr-3843	31	29	the	the	DET
fsr-3843	31	30	-	-	PUNCT
fsr-3843	31	31	year	year	NOUN
fsr-3843	31	32	as	as	SCONJ
fsr-3843	31	33	management	management	NOUN
fsr-3843	31	34	becomes	become	VERB
fsr-3843	31	35	aware	aware	ADJ
fsr-3843	31	36	of	of	ADP
fsr-3843	31	37	non	non	ADJ
fsr-3843	31	38	-	-	ADJ
fsr-3843	31	39	public	public	ADJ
fsr-3843	31	40	information	information	NOUN
fsr-3843	31	41	.	.	PUNCT
fsr-3843	32	1	since	since	SCONJ
fsr-3843	32	2	individual	individual	ADJ
fsr-3843	32	3	inves	inve	VERB
fsr-3843	32	4	tors	tor	NOUN
fsr-3843	32	5	tend	tend	VERB
fsr-3843	32	6	to	to	PART
fsr-3843	32	7	buy	buy	VERB
fsr-3843	32	8	a	a	DET
fsr-3843	32	9	disproportionate	disproportionate	ADJ
fsr-3843	32	10	number	number	NOUN
fsr-3843	32	11	of	of	ADP
fsr-3843	32	12	smaller	small	ADJ
fsr-3843	32	13	stocks	stock	NOUN
fsr-3843	32	14	this	this	DET
fsr-3843	32	15	informational	informational	ADJ
fsr-3843	32	16	advantage	advantage	NOUN
fsr-3843	32	17	results	result	NOUN
fsr-3843	32	18	in	in	ADP
fsr-3843	32	19	an	an	DET
fsr-3843	32	20	increase	increase	NOUN
fsr-3843	32	21	in	in	ADP
fsr-3843	32	22	the	the	DET
fsr-3843	32	23	volatility	volatility	NOUN
fsr-3843	32	24	and	and	CCONJ
fsr-3843	32	25	systematic	systematic	ADJ
fsr-3843	32	26	risk	risk	NOUN
fsr-3843	32	27	of	of	ADP
fsr-3843	32	28	smaller	small	ADJ
fsr-3843	32	29	stocks	stock	NOUN
fsr-3843	32	30	in	in	ADP
fsr-3843	32	31	january	january	PROPN
fsr-3843	32	32	.	.	PUNCT
fsr-3843	33	1	in	in	ADP
fsr-3843	33	2	an	an	DET
fsr-3843	33	3	extensive	extensive	ADJ
fsr-3843	33	4	study	study	NOUN
fsr-3843	33	5	of	of	ADP
fsr-3843	33	6	equally	equally	ADV
fsr-3843	33	7	weighted	weight	VERB
fsr-3843	33	8	deciles	decile	NOUN
fsr-3843	33	9	of	of	ADP
fsr-3843	33	10	stocks	stock	NOUN
fsr-3843	33	11	on	on	ADP
fsr-3843	33	12	the	the	DET
fsr-3843	33	13	nyse	nyse	PROPN
fsr-3843	33	14	from	from	ADP
fsr-3843	33	15	1926	1926	NUM
fsr-3843	33	16	through	through	ADP
fsr-3843	33	17	1993	1993	NUM
fsr-3843	33	18	,	,	PUNCT
fsr-3843	33	19	haugen	haugen	PROPN
fsr-3843	33	20	and	and	CCONJ
fsr-3843	33	21	jorion	jorion	PROPN
fsr-3843	33	22	(	(	PUNCT
fsr-3843	33	23	1996	1996	NUM
fsr-3843	33	24	)	)	PUNCT
fsr-3843	33	25	find	find	VERB
fsr-3843	33	26	that	that	SCONJ
fsr-3843	33	27	the	the	DET
fsr-3843	33	28	january	january	PROPN
fsr-3843	33	29	premium	premium	NOUN
fsr-3843	33	30	persists	persist	VERB
fsr-3843	33	31	for	for	ADP
fsr-3843	33	32	all	all	PRON
fsr-3843	33	33	but	but	SCONJ
fsr-3843	33	34	the	the	DET
fsr-3843	33	35	largest	large	ADJ
fsr-3843	33	36	decile	decile	NOUN
fsr-3843	33	37	of	of	ADP
fsr-3843	33	38	stocks	stock	NOUN
fsr-3843	33	39	with	with	ADP
fsr-3843	33	40	no	no	DET
fsr-3843	33	41	significant	significant	ADJ
fsr-3843	33	42	reduction	reduction	NOUN
fsr-3843	33	43	in	in	ADP
fsr-3843	33	44	magnitude	magnitude	NOUN
fsr-3843	33	45	.	.	PUNCT
fsr-3843	34	1	however	however	ADV
fsr-3843	34	2	,	,	PUNCT
fsr-3843	34	3	more	more	ADV
fsr-3843	34	4	recent	recent	ADJ
fsr-3843	34	5	evidence	evidence	NOUN
fsr-3843	34	6	indicates	indicate	VERB
fsr-3843	34	7	that	that	SCONJ
fsr-3843	34	8	the	the	DET
fsr-3843	34	9	january	january	PROPN
fsr-3843	34	10	effect	effect	NOUN
fsr-3843	34	11	may	may	AUX
fsr-3843	34	12	be	be	AUX
fsr-3843	34	13	running	run	VERB
fsr-3843	34	14	its	its	PRON
fsr-3843	34	15	course	course	NOUN
fsr-3843	34	16	,	,	PUNCT
fsr-3843	34	17	except	except	SCONJ
fsr-3843	34	18	for	for	ADP
fsr-3843	34	19	the	the	DET
fsr-3843	34	20	smallest	small	ADJ
fsr-3843	34	21	capitalization	capitalization	NOUN
fsr-3843	34	22	stocks	stock	NOUN
fsr-3843	34	23	.	.	PUNCT
fsr-3843	35	1	riepe	riepe	NOUN
fsr-3843	35	2	(	(	PUNCT
fsr-3843	35	3	1998	1998	NUM
fsr-3843	35	4	)	)	PUNCT
fsr-3843	35	5	documents	document	NOUN
fsr-3843	35	6	a	a	DET
fsr-3843	35	7	diminishing	diminishing	NOUN
fsr-3843	35	8	of	of	ADP
fsr-3843	35	9	the	the	DET
fsr-3843	35	10	effect	effect	NOUN
fsr-3843	35	11	by	by	ADP
fsr-3843	35	12	examining	examine	VERB
fsr-3843	35	13	market	market	NOUN
fsr-3843	35	14	-	-	PUNCT
fsr-3843	35	15	value	value	NOUN
fsr-3843	35	16	weighted	weight	VERB
fsr-3843	35	17	deciles	decile	NOUN
fsr-3843	35	18	of	of	ADP
fsr-3843	35	19	stocks	stock	NOUN
fsr-3843	35	20	between	between	ADP
fsr-3843	35	21	1926	1926	NUM
fsr-3843	35	22	and	and	CCONJ
fsr-3843	35	23	1997	1997	NUM
fsr-3843	35	24	.	.	PUNCT
fsr-3843	36	1	the	the	DET
fsr-3843	36	2	author	author	NOUN
fsr-3843	36	3	concludes	conclude	VERB
fsr-3843	36	4	that	that	SCONJ
fsr-3843	36	5	the	the	DET
fsr-3843	36	6	introduction	introduction	NOUN
fsr-3843	36	7	of	of	ADP
fsr-3843	36	8	futures	future	NOUN
fsr-3843	36	9	on	on	ADP
fsr-3843	36	10	the	the	DET
fsr-3843	36	11	s&p	s&p	PROPN
fsr-3843	36	12	500	500	NUM
fsr-3843	36	13	and	and	CCONJ
fsr-3843	36	14	value	value	NOUN
fsr-3843	36	15	line	line	NOUN
fsr-3843	36	16	in	in	ADP
fsr-3843	36	17	1982	1982	NUM
fsr-3843	36	18	,	,	PUNCT
fsr-3843	36	19	and	and	CCONJ
fsr-3843	36	20	especially	especially	ADV
fsr-3843	36	21	the	the	DET
fsr-3843	36	22	creation	creation	NOUN
fsr-3843	36	23	of	of	ADP
fsr-3843	36	24	futures	future	NOUN
fsr-3843	36	25	contracts	contract	NOUN
fsr-3843	36	26	on	on	ADP
fsr-3843	36	27	the	the	DET
fsr-3843	36	28	russell	russell	PROPN
fsr-3843	36	29	2000	2000	NUM
fsr-3843	36	30	by	by	ADP
fsr-3843	36	31	the	the	DET
fsr-3843	36	32	chicago	chicago	PROPN
fsr-3843	36	33	merchantile	merchantile	NOUN
fsr-3843	36	34	exchange	exchange	NOUN
fsr-3843	36	35	in	in	ADP
fsr-3843	36	36	1993	1993	NUM
fsr-3843	36	37	,	,	PUNCT
fsr-3843	36	38	has	have	AUX
fsr-3843	36	39	contributed	contribute	VERB
fsr-3843	36	40	to	to	ADP
fsr-3843	36	41	the	the	DET
fsr-3843	36	42	market	market	NOUN
fsr-3843	36	43	's	's	PART
fsr-3843	36	44	ability	ability	NOUN
fsr-3843	36	45	to	to	PART
fsr-3843	36	46	exploit	exploit	VERB
fsr-3843	36	47	the	the	DET
fsr-3843	36	48	effect	effect	NOUN
fsr-3843	36	49	.	.	PUNCT
fsr-3843	37	1	this	this	PRON
fsr-3843	37	2	,	,	PUNCT
fsr-3843	37	3	and	and	CCONJ
fsr-3843	37	4	other	other	ADJ
fsr-3843	37	5	evidence	evidence	NOUN
fsr-3843	37	6	(	(	PUNCT
fsr-3843	37	7	star	star	NOUN
fsr-3843	37	8	,	,	PUNCT
fsr-3843	37	9	1996	1996	NUM
fsr-3843	37	10	)	)	PUNCT
fsr-3843	37	11	,	,	PUNCT
fsr-3843	37	12	suggests	suggest	VERB
fsr-3843	37	13	that	that	SCONJ
fsr-3843	37	14	opportunities	opportunity	NOUN
fsr-3843	37	15	for	for	ADP
fsr-3843	37	16	exploiting	exploit	VERB
fsr-3843	37	17	the	the	DET
fsr-3843	37	18	effect	effect	NOUN
fsr-3843	37	19	with	with	ADP
fsr-3843	37	20	small	small	ADJ
fsr-3843	37	21	cap	cap	NOUN
fsr-3843	37	22	stocks	stock	NOUN
fsr-3843	37	23	are	be	AUX
fsr-3843	37	24	limited	limit	VERB
fsr-3843	37	25	by	by	ADP
fsr-3843	37	26	liquidity	liquidity	NOUN
fsr-3843	37	27	,	,	PUNCT
fsr-3843	37	28	transactions	transaction	NOUN
fsr-3843	37	29	costs	cost	NOUN
fsr-3843	37	30	,	,	PUNCT
fsr-3843	37	31	and	and	CCONJ
fsr-3843	37	32	the	the	DET
fsr-3843	37	33	availability	availability	NOUN
fsr-3843	37	34	of	of	ADP
fsr-3843	37	35	futures	future	NOUN
fsr-3843	37	36	.	.	PUNCT
fsr-3843	38	1	the	the	DET
fsr-3843	38	2	monday	monday	PROPN
fsr-3843	38	3	seasonal	seasonal	PROPN
fsr-3843	38	4	in	in	ADP
fsr-3843	38	5	equity	equity	NOUN
fsr-3843	38	6	returns	return	NOUN
fsr-3843	38	7	,	,	PUNCT
fsr-3843	38	8	also	also	ADV
fsr-3843	38	9	referred	refer	VERB
fsr-3843	38	10	to	to	ADP
fsr-3843	38	11	as	as	ADP
fsr-3843	38	12	the	the	DET
fsr-3843	38	13	weekend	weekend	NOUN
fsr-3843	38	14	effect	effect	NOUN
fsr-3843	38	15	,	,	PUNCT
fsr-3843	38	16	is	be	AUX
fsr-3843	38	17	another	another	DET
fsr-3843	38	18	apparent	apparent	ADJ
fsr-3843	38	19	anomaly	anomaly	NOUN
fsr-3843	38	20	which	which	PRON
fsr-3843	38	21	continues	continue	VERB
fsr-3843	38	22	to	to	PART
fsr-3843	38	23	generate	generate	VERB
fsr-3843	38	24	interest	interest	NOUN
fsr-3843	38	25	and	and	CCONJ
fsr-3843	38	26	research	research	NOUN
fsr-3843	38	27	.	.	PUNCT
fsr-3843	39	1	early	early	ADJ
fsr-3843	39	2	evi	evi	PROPN
fsr-3843	39	3	dence	dence	NOUN
fsr-3843	39	4	that	that	DET
fsr-3843	39	5	monday	monday	PROPN
fsr-3843	39	6	returns	return	NOUN
fsr-3843	39	7	are	be	AUX
fsr-3843	39	8	negative	negative	ADJ
fsr-3843	39	9	and	and	CCONJ
fsr-3843	39	10	significantly	significantly	ADV
fsr-3843	39	11	different	different	ADJ
fsr-3843	39	12	from	from	ADP
fsr-3843	39	13	other	other	ADJ
fsr-3843	39	14	daily	daily	ADJ
fsr-3843	39	15	returns	return	NOUN
fsr-3843	39	16	a	a	DET
fsr-3843	39	17	tax	tax	NOUN
fsr-3843	39	18	-	-	PUNCT
fsr-3843	39	19	free	free	ADJ
fsr-3843	39	20	exploitation	exploitation	NOUN
fsr-3843	39	21	13	13	NUM
fsr-3843	39	22	is	be	AUX
fsr-3843	39	23	presented	present	VERB
fsr-3843	39	24	in	in	ADP
fsr-3843	39	25	cross	cross	NOUN
fsr-3843	39	26	(	(	PUNCT
fsr-3843	39	27	1973	1973	NUM
fsr-3843	39	28	)	)	PUNCT
fsr-3843	39	29	,	,	PUNCT
fsr-3843	39	30	french	french	NOUN
fsr-3843	39	31	(	(	PUNCT
fsr-3843	39	32	1980	1980	NUM
fsr-3843	39	33	)	)	PUNCT
fsr-3843	39	34	,	,	PUNCT
fsr-3843	39	35	and	and	CCONJ
fsr-3843	39	36	gibbons	gibbon	NOUN
fsr-3843	39	37	and	and	CCONJ
fsr-3843	39	38	hess	hess	NOUN
fsr-3843	39	39	(	(	PUNCT
fsr-3843	39	40	1981	1981	NUM
fsr-3843	39	41	)	)	PUNCT
fsr-3843	39	42	.	.	PUNCT
fsr-3843	40	1	keim	keim	NOUN
fsr-3843	40	2	and	and	CCONJ
fsr-3843	40	3	stambaugh	stambaugh	NOUN
fsr-3843	40	4	(	(	PUNCT
fsr-3843	40	5	1984	1984	NUM
fsr-3843	40	6	)	)	PUNCT
fsr-3843	40	7	document	document	NOUN
fsr-3843	40	8	55	55	NUM
fsr-3843	40	9	years	year	NOUN
fsr-3843	40	10	of	of	ADP
fsr-3843	40	11	the	the	DET
fsr-3843	40	12	effect	effect	NOUN
fsr-3843	40	13	on	on	ADP
fsr-3843	40	14	the	the	DET
fsr-3843	40	15	s&p	s&p	PROPN
fsr-3843	40	16	500	500	NUM
fsr-3843	40	17	and	and	CCONJ
fsr-3843	40	18	flannery	flannery	PROPN
fsr-3843	40	19	and	and	CCONJ
fsr-3843	40	20	pro	pro	ADJ
fsr-3843	40	21	topapadakis	topapadaki	NOUN
fsr-3843	40	22	(	(	PUNCT
fsr-3843	40	23	1988	1988	NUM
fsr-3843	40	24	)	)	PUNCT
fsr-3843	40	25	find	find	VERB
fsr-3843	40	26	the	the	DET
fsr-3843	40	27	pattern	pattern	NOUN
fsr-3843	40	28	is	be	AUX
fsr-3843	40	29	shared	share	VERB
fsr-3843	40	30	by	by	ADP
fsr-3843	40	31	11	11	NUM
fsr-3843	40	32	asset	asset	NOUN
fsr-3843	40	33	groups	group	NOUN
fsr-3843	40	34	,	,	PUNCT
fsr-3843	40	35	including	include	VERB
fsr-3843	40	36	treasury	treasury	PROPN
fsr-3843	40	37	secu	secu	PROPN
fsr-3843	40	38	rity	rity	NOUN
fsr-3843	40	39	of	of	ADP
fsr-3843	40	40	varying	vary	VERB
fsr-3843	40	41	maturities	maturity	NOUN
fsr-3843	40	42	and	and	CCONJ
fsr-3843	40	43	three	three	NUM
fsr-3843	40	44	stock	stock	NOUN
fsr-3843	40	45	market	market	NOUN
fsr-3843	40	46	indices	index	NOUN
fsr-3843	40	47	.	.	PUNCT
fsr-3843	41	1	possible	possible	ADJ
fsr-3843	41	2	explanations	explanation	NOUN
fsr-3843	41	3	include	include	VERB
fsr-3843	41	4	the	the	DET
fsr-3843	41	5	timing	timing	NOUN
fsr-3843	41	6	of	of	ADP
fsr-3843	41	7	corporate	corporate	ADJ
fsr-3843	41	8	news	news	NOUN
fsr-3843	41	9	announcements	announcement	NOUN
fsr-3843	41	10	,	,	PUNCT
fsr-3843	41	11	trading	trading	NOUN
fsr-3843	41	12	patterns	pattern	NOUN
fsr-3843	41	13	of	of	ADP
fsr-3843	41	14	institutional	institutional	ADJ
fsr-3843	41	15	and	and	CCONJ
fsr-3843	41	16	individual	individual	ADJ
fsr-3843	41	17	investors	investor	NOUN
fsr-3843	41	18	,	,	PUNCT
fsr-3843	41	19	and	and	CCONJ
fsr-3843	41	20	settlement	settlement	NOUN
fsr-3843	41	21	procedures	procedure	NOUN
fsr-3843	41	22	.	.	PUNCT
fsr-3843	42	1	in	in	ADP
fsr-3843	42	2	studies	study	NOUN
fsr-3843	42	3	of	of	ADP
fsr-3843	42	4	corporate	corporate	ADJ
fsr-3843	42	5	news	news	NOUN
fsr-3843	42	6	announcements	announcement	NOUN
fsr-3843	42	7	patell	patell	NOUN
fsr-3843	42	8	and	and	CCONJ
fsr-3843	42	9	wolfson	wolfson	PROPN
fsr-3843	42	10	(	(	PUNCT
fsr-3843	42	11	1982	1982	NUM
fsr-3843	42	12	)	)	PUNCT
fsr-3843	42	13	and	and	CCONJ
fsr-3843	42	14	penman	penman	PROPN
fsr-3843	42	15	(	(	PUNCT
fsr-3843	42	16	1987	1987	NUM
fsr-3843	42	17	)	)	PUNCT
fsr-3843	42	18	find	find	VERB
fsr-3843	42	19	that	that	SCONJ
fsr-3843	42	20	bad	bad	ADJ
fsr-3843	42	21	news	news	NOUN
fsr-3843	42	22	announcements	announcement	NOUN
fsr-3843	42	23	are	be	AUX
fsr-3843	42	24	more	more	ADV
fsr-3843	42	25	likely	likely	ADJ
fsr-3843	42	26	to	to	PART
fsr-3843	42	27	occur	occur	VERB
fsr-3843	42	28	during	during	ADP
fsr-3843	42	29	closed	closed	ADJ
fsr-3843	42	30	market	market	NOUN
fsr-3843	42	31	periods	period	NOUN
fsr-3843	42	32	or	or	CCONJ
fsr-3843	42	33	on	on	ADP
fsr-3843	42	34	mondays	monday	NOUN
fsr-3843	42	35	.	.	PUNCT
fsr-3843	43	1	the	the	DET
fsr-3843	43	2	relationship	relationship	NOUN
fsr-3843	43	3	between	between	ADP
fsr-3843	43	4	negative	negative	ADJ
fsr-3843	43	5	markets	market	NOUN
fsr-3843	43	6	and	and	CCONJ
fsr-3843	43	7	the	the	DET
fsr-3843	43	8	monday	monday	PROPN
fsr-3843	43	9	effect	effect	NOUN
fsr-3843	43	10	has	have	AUX
fsr-3843	43	11	been	be	AUX
fsr-3843	43	12	substantiated	substantiate	VERB
fsr-3843	43	13	by	by	ADP
fsr-3843	43	14	dyl	dyl	PROPN
fsr-3843	43	15	and	and	CCONJ
fsr-3843	43	16	maberly	maberly	ADV
fsr-3843	43	17	(	(	PUNCT
fsr-3843	43	18	1988	1988	NUM
fsr-3843	43	19	)	)	PUNCT
fsr-3843	43	20	,	,	PUNCT
fsr-3843	43	21	fishe	fishe	NOUN
fsr-3843	43	22	,	,	PUNCT
fsr-3843	43	23	gosnell	gosnell	PROPN
fsr-3843	43	24	,	,	PUNCT
fsr-3843	43	25	and	and	CCONJ
fsr-3843	43	26	lasser	lasser	PROPN
fsr-3843	43	27	(	(	PUNCT
fsr-3843	43	28	1993	1993	NUM
fsr-3843	43	29	)	)	PUNCT
fsr-3843	43	30	,	,	PUNCT
fsr-3843	43	31	athanassakos	athanassakos	PROPN
fsr-3843	43	32	and	and	CCONJ
fsr-3843	43	33	robinson	robinson	PROPN
fsr-3843	43	34	(	(	PUNCT
fsr-3843	43	35	1994	1994	NUM
fsr-3843	43	36	)	)	PUNCT
fsr-3843	43	37	,	,	PUNCT
fsr-3843	43	38	and	and	CCONJ
fsr-3843	43	39	others	other	NOUN
fsr-3843	43	40	.	.	PUNCT
fsr-3843	44	1	abraham	abraham	PROPN
fsr-3843	44	2	and	and	CCONJ
fsr-3843	44	3	ikenberry	ikenberry	PROPN
fsr-3843	44	4	(	(	PUNCT
fsr-3843	44	5	1994	1994	NUM
fsr-3843	44	6	)	)	PUNCT
fsr-3843	44	7	find	find	VERB
fsr-3843	44	8	that	that	SCONJ
fsr-3843	44	9	positive	positive	ADJ
fsr-3843	44	10	(	(	PUNCT
fsr-3843	44	11	negative	negative	ADJ
fsr-3843	44	12	)	)	PUNCT
fsr-3843	44	13	monday	monday	PROPN
fsr-3843	44	14	returns	return	NOUN
fsr-3843	44	15	follow	follow	VERB
fsr-3843	44	16	positive	positive	ADJ
fsr-3843	44	17	(	(	PUNCT
fsr-3843	44	18	negative	negative	ADJ
fsr-3843	44	19	)	)	PUNCT
fsr-3843	44	20	fridays	friday	NOUN
fsr-3843	44	21	and	and	CCONJ
fsr-3843	44	22	suggest	suggest	VERB
fsr-3843	44	23	that	that	SCONJ
fsr-3843	44	24	the	the	DET
fsr-3843	44	25	monday	monday	PROPN
fsr-3843	44	26	effect	effect	NOUN
fsr-3843	44	27	is	be	AUX
fsr-3843	44	28	a	a	DET
fsr-3843	44	29	consequence	consequence	NOUN
fsr-3843	44	30	of	of	ADP
fsr-3843	44	31	both	both	DET
fsr-3843	44	32	corporate	corporate	ADJ
fsr-3843	44	33	news	news	NOUN
fsr-3843	44	34	announcements	announcement	NOUN
fsr-3843	44	35	and	and	CCONJ
fsr-3843	44	36	a	a	DET
fsr-3843	44	37	monday	monday	PROPN
fsr-3843	44	38	bias	bias	NOUN
fsr-3843	44	39	toward	toward	ADP
fsr-3843	44	40	sell	sell	NOUN
fsr-3843	44	41	transactions	transaction	NOUN
fsr-3843	44	42	by	by	ADP
fsr-3843	44	43	individual	individual	ADJ
fsr-3843	44	44	investors	investor	NOUN
fsr-3843	44	45	following	follow	VERB
fsr-3843	44	46	weekend	weekend	NOUN
fsr-3843	44	47	decision	decision	NOUN
fsr-3843	44	48	making	making	NOUN
fsr-3843	44	49	.	.	PUNCT
fsr-3843	45	1	a	a	DET
fsr-3843	45	2	number	number	NOUN
fsr-3843	45	3	of	of	ADP
fsr-3843	45	4	studies	study	NOUN
fsr-3843	45	5	identify	identify	VERB
fsr-3843	45	6	an	an	DET
fsr-3843	45	7	imbalance	imbalance	NOUN
fsr-3843	45	8	in	in	ADP
fsr-3843	45	9	buy	buy	NOUN
fsr-3843	45	10	and	and	CCONJ
fsr-3843	45	11	sell	sell	VERB
fsr-3843	45	12	orders	order	NOUN
fsr-3843	45	13	on	on	ADP
fsr-3843	45	14	mondays	monday	NOUN
fsr-3843	45	15	caused	cause	VERB
fsr-3843	45	16	by	by	ADP
fsr-3843	45	17	the	the	DET
fsr-3843	45	18	trading	trading	NOUN
fsr-3843	45	19	activity	activity	NOUN
fsr-3843	45	20	of	of	ADP
fsr-3843	45	21	individual	individual	ADJ
fsr-3843	45	22	and	and	CCONJ
fsr-3843	45	23	institutional	institutional	ADJ
fsr-3843	45	24	investors	investor	NOUN
fsr-3843	45	25	as	as	ADP
fsr-3843	45	26	a	a	DET
fsr-3843	45	27	possible	possible	ADJ
fsr-3843	45	28	source	source	NOUN
fsr-3843	45	29	of	of	ADP
fsr-3843	45	30	the	the	DET
fsr-3843	45	31	weekend	weekend	NOUN
fsr-3843	45	32	seasonal	seasonal	ADJ
fsr-3843	45	33	(	(	PUNCT
fsr-3843	45	34	lakonishok	lakonishok	NOUN
fsr-3843	45	35	&	&	CCONJ
fsr-3843	45	36	maberly	maberly	ADV
fsr-3843	45	37	,	,	PUNCT
fsr-3843	45	38	1990	1990	NUM
fsr-3843	45	39	;	;	PUNCT
fsr-3843	45	40	lakonishok	lakonishok	NOUN
fsr-3843	45	41	,	,	PUNCT
fsr-3843	45	42	shleifer	shleifer	NOUN
fsr-3843	45	43	,	,	PUNCT
fsr-3843	45	44	&	&	CCONJ
fsr-3843	45	45	vishny	vishny	PROPN
fsr-3843	45	46	,	,	PUNCT
fsr-3843	45	47	1992	1992	NUM
fsr-3843	45	48	;	;	PUNCT
fsr-3843	45	49	miller,1988	miller,1988	NOUN
fsr-3843	45	50	)	)	PUNCT
fsr-3843	45	51	.	.	PUNCT
fsr-3843	46	1	these	these	DET
fsr-3843	46	2	studies	study	NOUN
fsr-3843	46	3	suggest	suggest	VERB
fsr-3843	46	4	that	that	SCONJ
fsr-3843	46	5	the	the	DET
fsr-3843	46	6	monday	monday	PROPN
fsr-3843	46	7	effect	effect	NOUN
fsr-3843	46	8	results	result	NOUN
fsr-3843	46	9	from	from	ADP
fsr-3843	46	10	a	a	DET
fsr-3843	46	11	combination	combination	NOUN
fsr-3843	46	12	of	of	ADP
fsr-3843	46	13	factors	factor	NOUN
fsr-3843	46	14	,	,	PUNCT
fsr-3843	46	15	including	include	VERB
fsr-3843	46	16	a	a	DET
fsr-3843	46	17	selling	sell	VERB
fsr-3843	46	18	bias	bias	NOUN
fsr-3843	46	19	by	by	ADP
fsr-3843	46	20	individual	individual	ADJ
fsr-3843	46	21	traders	trader	NOUN
fsr-3843	46	22	and	and	CCONJ
fsr-3843	46	23	reduced	reduce	VERB
fsr-3843	46	24	institutional	institutional	ADJ
fsr-3843	46	25	trading	trading	NOUN
fsr-3843	46	26	activity	activity	NOUN
fsr-3843	46	27	on	on	ADP
fsr-3843	46	28	mondays	monday	NOUN
fsr-3843	46	29	when	when	SCONJ
fsr-3843	46	30	brokers	broker	NOUN
fsr-3843	46	31	are	be	AUX
fsr-3843	46	32	planning	plan	VERB
fsr-3843	46	33	strategy	strategy	NOUN
fsr-3843	46	34	for	for	ADP
fsr-3843	46	35	the	the	DET
fsr-3843	46	36	week	week	NOUN
fsr-3843	46	37	.	.	PUNCT
fsr-3843	47	1	recent	recent	ADJ
fsr-3843	47	2	evidence	evidence	NOUN
fsr-3843	47	3	that	that	SCONJ
fsr-3843	47	4	the	the	DET
fsr-3843	47	5	monday	monday	PROPN
fsr-3843	47	6	effect	effect	NOUN
fsr-3843	47	7	is	be	AUX
fsr-3843	47	8	weakening	weaken	VERB
fsr-3843	47	9	,	,	PUNCT
fsr-3843	47	10	at	at	ADP
fsr-3843	47	11	least	least	ADJ
fsr-3843	47	12	for	for	ADP
fsr-3843	47	13	large	large	ADJ
fsr-3843	47	14	capitalization	capitalization	NOUN
fsr-3843	47	15	stocks	stock	NOUN
fsr-3843	47	16	,	,	PUNCT
fsr-3843	47	17	indicates	indicate	VERB
fsr-3843	47	18	trading	trading	NOUN
fsr-3843	47	19	to	to	PART
fsr-3843	47	20	exploit	exploit	VERB
fsr-3843	47	21	the	the	DET
fsr-3843	47	22	anomaly	anomaly	NOUN
fsr-3843	47	23	.	.	PUNCT
fsr-3843	48	1	in	in	ADP
fsr-3843	48	2	an	an	DET
fsr-3843	48	3	article	article	NOUN
fsr-3843	48	4	examining	examine	VERB
fsr-3843	48	5	daily	daily	ADJ
fsr-3843	48	6	returns	return	NOUN
fsr-3843	48	7	from	from	ADP
fsr-3843	48	8	1962	1962	NUM
fsr-3843	48	9	-	-	SYM
fsr-3843	48	10	1993	1993	NUM
fsr-3843	48	11	,	,	PUNCT
fsr-3843	48	12	kamara	kamara	NOUN
fsr-3843	48	13	(	(	PUNCT
fsr-3843	48	14	1997	1997	NUM
fsr-3843	48	15	)	)	PUNCT
fsr-3843	48	16	finds	find	VERB
fsr-3843	48	17	that	that	SCONJ
fsr-3843	48	18	the	the	DET
fsr-3843	48	19	monday	monday	PROPN
fsr-3843	48	20	seasonal	seasonal	PROPN
fsr-3843	48	21	disappears	disappear	VERB
fsr-3843	48	22	after	after	ADP
fsr-3843	48	23	1982	1982	NUM
fsr-3843	48	24	for	for	ADP
fsr-3843	48	25	stocks	stock	NOUN
fsr-3843	48	26	in	in	ADP
fsr-3843	48	27	the	the	DET
fsr-3843	48	28	standard	standard	ADJ
fsr-3843	48	29	and	and	CCONJ
fsr-3843	48	30	poor	poor	ADJ
fsr-3843	48	31	's	's	PART
fsr-3843	48	32	(	(	PUNCT
fsr-3843	48	33	s&p	s&p	PROPN
fsr-3843	48	34	)	)	PUNCT
fsr-3843	48	35	500	500	NUM
fsr-3843	48	36	but	but	CCONJ
fsr-3843	48	37	continues	continue	VERB
fsr-3843	48	38	to	to	PART
fsr-3843	48	39	be	be	AUX
fsr-3843	48	40	present	present	ADJ
fsr-3843	48	41	in	in	ADP
fsr-3843	48	42	the	the	DET
fsr-3843	48	43	smallest	small	ADJ
fsr-3843	48	44	decile	decile	NOUN
fsr-3843	48	45	of	of	ADP
fsr-3843	48	46	stocks	stock	NOUN
fsr-3843	48	47	on	on	ADP
fsr-3843	48	48	the	the	DET
fsr-3843	48	49	nyse	nyse	NOUN
fsr-3843	48	50	,	,	PUNCT
fsr-3843	48	51	reflecting	reflect	VERB
fsr-3843	48	52	the	the	DET
fsr-3843	48	53	ability	ability	NOUN
fsr-3843	48	54	of	of	ADP
fsr-3843	48	55	institutional	institutional	ADJ
fsr-3843	48	56	investors	investor	NOUN
fsr-3843	48	57	to	to	PART
fsr-3843	48	58	trade	trade	VERB
fsr-3843	48	59	against	against	ADP
fsr-3843	48	60	the	the	DET
fsr-3843	48	61	effect	effect	NOUN
fsr-3843	48	62	.	.	PUNCT
fsr-3843	49	1	another	another	DET
fsr-3843	49	2	recent	recent	ADJ
fsr-3843	49	3	study	study	NOUN
fsr-3843	49	4	by	by	ADP
fsr-3843	49	5	chow	chow	PROPN
fsr-3843	49	6	,	,	PUNCT
fsr-3843	49	7	hsiao	hsiao	PROPN
fsr-3843	49	8	,	,	PUNCT
fsr-3843	49	9	and	and	CCONJ
fsr-3843	49	10	solt	solt	NOUN
fsr-3843	49	11	(	(	PUNCT
fsr-3843	49	12	1997	1997	NUM
fsr-3843	49	13	)	)	PUNCT
fsr-3843	49	14	also	also	ADV
fsr-3843	49	15	reports	report	VERB
fsr-3843	49	16	a	a	DET
fsr-3843	49	17	diminishing	diminishing	NOUN
fsr-3843	49	18	of	of	ADP
fsr-3843	49	19	the	the	DET
fsr-3843	49	20	effect	effect	NOUN
fsr-3843	49	21	between	between	ADP
fsr-3843	49	22	1970	1970	NUM
fsr-3843	49	23	and	and	CCONJ
fsr-3843	49	24	1993	1993	NUM
fsr-3843	49	25	for	for	ADP
fsr-3843	49	26	those	those	DET
fsr-3843	49	27	stocks	stock	NOUN
fsr-3843	49	28	with	with	ADP
fsr-3843	49	29	lower	low	ADJ
fsr-3843	49	30	transactions	transaction	NOUN
fsr-3843	49	31	costs	cost	NOUN
fsr-3843	49	32	.	.	PUNCT
fsr-3843	50	1	a	a	DET
fsr-3843	50	2	lesser	lesser	ADV
fsr-3843	50	3	known	know	VERB
fsr-3843	50	4	and	and	CCONJ
fsr-3843	50	5	more	more	ADV
fsr-3843	50	6	recently	recently	ADV
fsr-3843	50	7	discovered	discover	VERB
fsr-3843	50	8	seasonal	seasonal	ADJ
fsr-3843	50	9	pattern	pattern	NOUN
fsr-3843	50	10	is	be	AUX
fsr-3843	50	11	the	the	DET
fsr-3843	50	12	monthly	monthly	ADJ
fsr-3843	50	13	calendar	calendar	NOUN
fsr-3843	50	14	anomaly	anomaly	NOUN
fsr-3843	50	15	known	know	VERB
fsr-3843	50	16	as	as	ADP
fsr-3843	50	17	the	the	DET
fsr-3843	50	18	turn	turn	NOUN
fsr-3843	50	19	-	-	PUNCT
fsr-3843	50	20	of	of	ADP
fsr-3843	50	21	-	-	PUNCT
fsr-3843	50	22	the	the	DET
fsr-3843	50	23	-	-	PUNCT
fsr-3843	50	24	month	month	NOUN
fsr-3843	50	25	effect	effect	NOUN
fsr-3843	50	26	.	.	PUNCT
fsr-3843	51	1	it	it	PRON
fsr-3843	51	2	has	have	AUX
fsr-3843	51	3	been	be	AUX
fsr-3843	51	4	identified	identify	VERB
fsr-3843	51	5	in	in	ADP
fsr-3843	51	6	a	a	DET
fsr-3843	51	7	number	number	NOUN
fsr-3843	51	8	of	of	ADP
fsr-3843	51	9	stud	stud	NOUN
fsr-3843	51	10	ies	ie	NOUN
fsr-3843	51	11	in	in	ADP
fsr-3843	51	12	both	both	DET
fsr-3843	51	13	individual	individual	ADJ
fsr-3843	51	14	stocks	stock	NOUN
fsr-3843	51	15	and	and	CCONJ
fsr-3843	51	16	in	in	ADP
fsr-3843	51	17	various	various	ADJ
fsr-3843	51	18	stock	stock	NOUN
fsr-3843	51	19	market	market	NOUN
fsr-3843	51	20	indices	index	NOUN
fsr-3843	51	21	.	.	PUNCT
fsr-3843	52	1	ariel	ariel	PROPN
fsr-3843	52	2	(	(	PUNCT
fsr-3843	52	3	1987	1987	NUM
fsr-3843	52	4	)	)	PUNCT
fsr-3843	52	5	first	first	ADV
fsr-3843	52	6	reported	report	VERB
fsr-3843	52	7	a	a	DET
fsr-3843	52	8	monthly	monthly	ADJ
fsr-3843	52	9	seasonal	seasonal	ADJ
fsr-3843	52	10	pattern	pattern	NOUN
fsr-3843	52	11	in	in	ADP
fsr-3843	52	12	the	the	DET
fsr-3843	52	13	returns	return	NOUN
fsr-3843	52	14	of	of	ADP
fsr-3843	52	15	equally	equally	ADV
fsr-3843	52	16	-	-	PUNCT
fsr-3843	52	17	weighted	weight	VERB
fsr-3843	52	18	and	and	CCONJ
fsr-3843	52	19	value	value	NOUN
fsr-3843	52	20	-	-	PUNCT
fsr-3843	52	21	weighted	weight	VERB
fsr-3843	52	22	stock	stock	NOUN
fsr-3843	52	23	portfolios	portfolio	NOUN
fsr-3843	52	24	between	between	ADP
fsr-3843	52	25	1963	1963	NUM
fsr-3843	52	26	and	and	CCONJ
fsr-3843	52	27	1981	1981	NUM
fsr-3843	52	28	,	,	PUNCT
fsr-3843	52	29	using	use	VERB
fsr-3843	52	30	data	datum	NOUN
fsr-3843	52	31	obtained	obtain	VERB
fsr-3843	52	32	from	from	ADP
fsr-3843	52	33	the	the	DET
fsr-3843	52	34	center	center	NOUN
fsr-3843	52	35	for	for	ADP
fsr-3843	52	36	research	research	NOUN
fsr-3843	52	37	in	in	ADP
fsr-3843	52	38	security	security	NOUN
fsr-3843	52	39	prices	price	NOUN
fsr-3843	52	40	(	(	PUNCT
fsr-3843	52	41	crsp	crsp	NOUN
fsr-3843	52	42	)	)	PUNCT
fsr-3843	52	43	.	.	PUNCT
fsr-3843	53	1	in	in	ADP
fsr-3843	53	2	that	that	DET
fsr-3843	53	3	study	study	NOUN
fsr-3843	53	4	,	,	PUNCT
fsr-3843	53	5	stock	stock	NOUN
fsr-3843	53	6	returns	return	NOUN
fsr-3843	53	7	in	in	ADP
fsr-3843	53	8	the	the	DET
fsr-3843	53	9	first	first	ADJ
fsr-3843	53	10	half	half	NOUN
fsr-3843	53	11	of	of	ADP
fsr-3843	53	12	the	the	DET
fsr-3843	53	13	month	month	NOUN
fsr-3843	53	14	,	,	PUNCT
fsr-3843	53	15	identified	identify	VERB
fsr-3843	53	16	as	as	ADP
fsr-3843	53	17	the	the	DET
fsr-3843	53	18	first	first	ADJ
fsr-3843	53	19	nine	nine	NUM
fsr-3843	53	20	trading	trading	NOUN
fsr-3843	53	21	days	day	NOUN
fsr-3843	53	22	of	of	ADP
fsr-3843	53	23	the	the	DET
fsr-3843	53	24	month	month	NOUN
fsr-3843	53	25	plus	plus	CCONJ
fsr-3843	53	26	the	the	DET
fsr-3843	53	27	last	last	ADJ
fsr-3843	53	28	trading	trading	NOUN
fsr-3843	53	29	day	day	NOUN
fsr-3843	53	30	of	of	ADP
fsr-3843	53	31	the	the	DET
fsr-3843	53	32	previous	previous	ADJ
fsr-3843	53	33	month	month	NOUN
fsr-3843	53	34	,	,	PUNCT
fsr-3843	53	35	are	be	AUX
fsr-3843	53	36	considerably	considerably	ADV
fsr-3843	53	37	higher	high	ADJ
fsr-3843	53	38	than	than	ADP
fsr-3843	53	39	stock	stock	NOUN
fsr-3843	53	40	returns	return	NOUN
fsr-3843	53	41	in	in	ADP
fsr-3843	53	42	the	the	DET
fsr-3843	53	43	second	second	ADJ
fsr-3843	53	44	half	half	NOUN
fsr-3843	53	45	of	of	ADP
fsr-3843	53	46	the	the	DET
fsr-3843	53	47	month	month	NOUN
fsr-3843	53	48	,	,	PUNCT
fsr-3843	53	49	identified	identify	VERB
fsr-3843	53	50	as	as	ADP
fsr-3843	53	51	the	the	DET
fsr-3843	53	52	last	last	ADJ
fsr-3843	53	53	eight	eight	NUM
fsr-3843	53	54	trading	trading	NOUN
fsr-3843	53	55	days	day	NOUN
fsr-3843	53	56	of	of	ADP
fsr-3843	53	57	the	the	DET
fsr-3843	53	58	month	month	NOUN
fsr-3843	53	59	,	,	PUNCT
fsr-3843	53	60	exclusive	exclusive	ADJ
fsr-3843	53	61	of	of	ADP
fsr-3843	53	62	the	the	DET
fsr-3843	53	63	last	last	ADJ
fsr-3843	53	64	trading	trading	NOUN
fsr-3843	53	65	day	day	NOUN
fsr-3843	53	66	.	.	PUNCT
fsr-3843	54	1	this	this	DET
fsr-3843	54	2	pattern	pattern	NOUN
fsr-3843	54	3	exists	exist	VERB
fsr-3843	54	4	in	in	ADP
fsr-3843	54	5	both	both	CCONJ
fsr-3843	54	6	large	large	ADJ
fsr-3843	54	7	and	and	CCONJ
fsr-3843	54	8	small	small	ADJ
fsr-3843	54	9	capitalization	capitalization	NOUN
fsr-3843	54	10	stocks	stock	NOUN
fsr-3843	54	11	and	and	CCONJ
fsr-3843	54	12	is	be	AUX
fsr-3843	54	13	independent	independent	ADJ
fsr-3843	54	14	of	of	ADP
fsr-3843	54	15	other	other	ADJ
fsr-3843	54	16	known	know	VERB
fsr-3843	54	17	calendar	calendar	NOUN
fsr-3843	54	18	anomalies	anomaly	NOUN
fsr-3843	54	19	,	,	PUNCT
fsr-3843	54	20	such	such	ADJ
fsr-3843	54	21	as	as	ADP
fsr-3843	54	22	the	the	DET
fsr-3843	54	23	january	january	PROPN
fsr-3843	54	24	effect	effect	NOUN
fsr-3843	54	25	.	.	PUNCT
fsr-3843	55	1	ariel	ariel	PROPN
fsr-3843	55	2	notes	note	VERB
fsr-3843	55	3	that	that	SCONJ
fsr-3843	55	4	the	the	DET
fsr-3843	55	5	phenomenon	phenomenon	NOUN
fsr-3843	55	6	is	be	AUX
fsr-3843	55	7	especially	especially	ADV
fsr-3843	55	8	strong	strong	ADJ
fsr-3843	55	9	in	in	ADP
fsr-3843	55	10	the	the	DET
fsr-3843	55	11	five	five	NUM
fsr-3843	55	12	day	day	NOUN
fsr-3843	55	13	period	period	NOUN
fsr-3843	55	14	between	between	ADP
fsr-3843	55	15	the	the	DET
fsr-3843	55	16	last	last	ADJ
fsr-3843	55	17	trading	trading	NOUN
fsr-3843	55	18	day	day	NOUN
fsr-3843	55	19	of	of	ADP
fsr-3843	55	20	one	one	NUM
fsr-3843	55	21	month	month	NOUN
fsr-3843	55	22	the	the	DET
fsr-3843	55	23	fourth	fourth	ADJ
fsr-3843	55	24	trading	trading	NOUN
fsr-3843	55	25	day	day	NOUN
fsr-3843	55	26	of	of	ADP
fsr-3843	55	27	the	the	DET
fsr-3843	55	28	next	next	ADJ
fsr-3843	55	29	month	month	NOUN
fsr-3843	55	30	(	(	PUNCT
fsr-3843	55	31	trading	trading	NOUN
fsr-3843	55	32	days	day	NOUN
fsr-3843	55	33	-1	-1	CCONJ
fsr-3843	55	34	through	through	ADP
fsr-3843	55	35	+4	+4	NUM
fsr-3843	55	36	)	)	PUNCT
fsr-3843	55	37	.	.	PUNCT
fsr-3843	56	1	in	in	ADP
fsr-3843	56	2	a	a	DET
fsr-3843	56	3	subsequent	subsequent	ADJ
fsr-3843	56	4	study	study	NOUN
fsr-3843	56	5	of	of	ADP
fsr-3843	56	6	various	various	ADJ
fsr-3843	56	7	seasonal	seasonal	ADJ
fsr-3843	56	8	patterns	pattern	NOUN
fsr-3843	56	9	on	on	ADP
fsr-3843	56	10	the	the	DET
fsr-3843	56	11	dow	dow	PROPN
fsr-3843	56	12	jones	jones	PROPN
fsr-3843	56	13	industrial	industrial	PROPN
fsr-3843	56	14	aver	aver	PROPN
fsr-3843	56	15	age	age	NOUN
fsr-3843	56	16	over	over	ADP
fsr-3843	56	17	a	a	DET
fsr-3843	56	18	ninety	ninety	NUM
fsr-3843	56	19	year	year	NOUN
fsr-3843	56	20	period	period	NOUN
fsr-3843	56	21	between	between	ADP
fsr-3843	56	22	1897	1897	NUM
fsr-3843	56	23	and	and	CCONJ
fsr-3843	56	24	1987	1987	NUM
fsr-3843	56	25	,	,	PUNCT
fsr-3843	56	26	lakonishok	lakonishok	NOUN
fsr-3843	56	27	and	and	CCONJ
fsr-3843	56	28	smidt	smidt	NOUN
fsr-3843	56	29	(	(	PUNCT
fsr-3843	56	30	1988	1988	NUM
fsr-3843	56	31	)	)	PUNCT
fsr-3843	56	32	dis	di	NOUN
fsr-3843	56	33	cover	cover	VERB
fsr-3843	56	34	a	a	DET
fsr-3843	56	35	persistent	persistent	ADJ
fsr-3843	56	36	monthly	monthly	ADJ
fsr-3843	56	37	seasonal	seasonal	NOUN
fsr-3843	56	38	limited	limit	VERB
fsr-3843	56	39	to	to	ADP
fsr-3843	56	40	trading	trading	NOUN
fsr-3843	56	41	days	day	NOUN
fsr-3843	56	42	-1	-1	CCONJ
fsr-3843	56	43	through	through	ADP
fsr-3843	56	44	+3	+3	PROPN
fsr-3843	56	45	.	.	PUNCT
fsr-3843	57	1	the	the	DET
fsr-3843	57	2	authors	author	NOUN
fsr-3843	57	3	suggest	suggest	VERB
fsr-3843	57	4	that	that	SCONJ
fsr-3843	57	5	the	the	DET
fsr-3843	57	6	monthly	monthly	ADJ
fsr-3843	57	7	jump	jump	NOUN
fsr-3843	57	8	in	in	ADP
fsr-3843	57	9	returns	return	NOUN
fsr-3843	57	10	may	may	AUX
fsr-3843	57	11	be	be	AUX
fsr-3843	57	12	liquidity	liquidity	NOUN
fsr-3843	57	13	driven	drive	VERB
fsr-3843	57	14	and	and	CCONJ
fsr-3843	57	15	a	a	DET
fsr-3843	57	16	result	result	NOUN
fsr-3843	57	17	of	of	ADP
fsr-3843	57	18	the	the	DET
fsr-3843	57	19	buying	buying	NOUN
fsr-3843	57	20	and	and	CCONJ
fsr-3843	57	21	selling	sell	VERB
fsr-3843	57	22	activity	activity	NOUN
fsr-3843	57	23	of	of	ADP
fsr-3843	57	24	pension	pension	NOUN
fsr-3843	57	25	fund	fund	NOUN
fsr-3843	57	26	managers	manager	NOUN
fsr-3843	57	27	around	around	ADP
fsr-3843	57	28	the	the	DET
fsr-3843	57	29	turn	turn	NOUN
fsr-3843	57	30	-	-	PUNCT
fsr-3843	57	31	of	of	ADP
fsr-3843	57	32	-	-	PUNCT
fsr-3843	57	33	the	the	DET
fsr-3843	57	34	-	-	PUNCT
fsr-3843	57	35	month	month	NOUN
fsr-3843	57	36	.	.	PUNCT
fsr-3843	58	1	ogden	ogden	PROPN
fsr-3843	58	2	(	(	PUNCT
fsr-3843	58	3	1990	1990	NUM
fsr-3843	58	4	)	)	PUNCT
fsr-3843	58	5	provides	provide	VERB
fsr-3843	58	6	evidence	evidence	NOUN
fsr-3843	58	7	that	that	SCONJ
fsr-3843	58	8	the	the	DET
fsr-3843	58	9	anomaly	anomaly	NOUN
fsr-3843	58	10	is	be	AUX
fsr-3843	58	11	driven	drive	VERB
fsr-3843	58	12	by	by	ADP
fsr-3843	58	13	liquidity	liquidity	NOUN
fsr-3843	58	14	and	and	CCONJ
fsr-3843	58	15	suggests	suggest	VERB
fsr-3843	58	16	that	that	SCONJ
fsr-3843	58	17	a	a	DET
fsr-3843	58	18	"	"	PUNCT
fsr-3843	58	19	standardiza	standardiza	NOUN
fsr-3843	58	20	14	14	NUM
fsr-3843	58	21	financial	financial	ADJ
fsr-3843	58	22	services	service	NOUN
fsr-3843	58	23	review	review	VERB
fsr-3843	58	24	7(1	7(1	NUM
fsr-3843	58	25	)	)	PUNCT
fsr-3843	58	26	i	i	PRON
fsr-3843	58	27	998	998	NUM
fsr-3843	58	28	tion	tion	NOUN
fsr-3843	58	29	of	of	ADP
fsr-3843	58	30	payments	payment	NOUN
fsr-3843	58	31	system	system	NOUN
fsr-3843	58	32	"	"	PUNCT
fsr-3843	58	33	in	in	ADP
fsr-3843	58	34	the	the	DET
fsr-3843	58	35	united	united	PROPN
fsr-3843	58	36	states	states	PROPN
fsr-3843	58	37	is	be	AUX
fsr-3843	58	38	responsible	responsible	ADJ
fsr-3843	58	39	for	for	ADP
fsr-3843	58	40	the	the	DET
fsr-3843	58	41	monthly	monthly	ADJ
fsr-3843	58	42	seasonal	seasonal	NOUN
fsr-3843	58	43	.	.	PUNCT
fsr-3843	59	1	cash	cash	NOUN
fsr-3843	59	2	receipts	receipt	NOUN
fsr-3843	59	3	such	such	ADJ
fsr-3843	59	4	as	as	ADP
fsr-3843	59	5	wages	wage	NOUN
fsr-3843	59	6	,	,	PUNCT
fsr-3843	59	7	dividends	dividend	NOUN
fsr-3843	59	8	,	,	PUNCT
fsr-3843	59	9	interest	interest	NOUN
fsr-3843	59	10	,	,	PUNCT
fsr-3843	59	11	and	and	CCONJ
fsr-3843	59	12	principal	principal	ADJ
fsr-3843	59	13	payments	payment	NOUN
fsr-3843	59	14	at	at	ADP
fsr-3843	59	15	the	the	DET
fsr-3843	59	16	end	end	NOUN
fsr-3843	59	17	and	and	CCONJ
fsr-3843	59	18	begin	begin	VERB
fsr-3843	59	19	ning	ning	NOUN
fsr-3843	59	20	of	of	ADP
fsr-3843	59	21	the	the	DET
fsr-3843	59	22	calendar	calendar	NOUN
fsr-3843	59	23	month	month	NOUN
fsr-3843	59	24	are	be	AUX
fsr-3843	59	25	quickly	quickly	ADV
fsr-3843	59	26	reinvested	reinveste	VERB
fsr-3843	59	27	,	,	PUNCT
fsr-3843	59	28	resulting	result	VERB
fsr-3843	59	29	in	in	ADP
fsr-3843	59	30	a	a	DET
fsr-3843	59	31	surge	surge	NOUN
fsr-3843	59	32	in	in	ADP
fsr-3843	59	33	stock	stock	NOUN
fsr-3843	59	34	returns	return	NOUN
fsr-3843	59	35	.	.	PUNCT
fsr-3843	60	1	examining	examine	VERB
fsr-3843	60	2	value	value	NOUN
fsr-3843	60	3	(	(	PUNCT
fsr-3843	60	4	equally)-weighted	equally)-weighte	VERB
fsr-3843	60	5	stock	stock	NOUN
fsr-3843	60	6	indices	index	NOUN
fsr-3843	60	7	for	for	ADP
fsr-3843	60	8	the	the	DET
fsr-3843	60	9	eighteen	eighteen	NUM
fsr-3843	60	10	year	year	NOUN
fsr-3843	60	11	period	period	NOUN
fsr-3843	60	12	from	from	ADP
fsr-3843	60	13	janu	janu	PROPN
fsr-3843	60	14	ary	ary	PROPN
fsr-3843	60	15	1969	1969	NUM
fsr-3843	60	16	through	through	ADP
fsr-3843	60	17	december	december	PROPN
fsr-3843	60	18	1986	1986	NUM
fsr-3843	60	19	the	the	DET
fsr-3843	60	20	author	author	NOUN
fsr-3843	60	21	reports	report	VERB
fsr-3843	60	22	an	an	DET
fsr-3843	60	23	average	average	ADJ
fsr-3843	60	24	cumulative	cumulative	ADJ
fsr-3843	60	25	return	return	NOUN
fsr-3843	60	26	during	during	ADP
fsr-3843	60	27	the	the	DET
fsr-3843	60	28	turn	turn	NOUN
fsr-3843	60	29	-	-	PUNCT
fsr-3843	60	30	of	of	ADP
fsr-3843	60	31	-	-	PUNCT
fsr-3843	60	32	the	the	DET
fsr-3843	60	33	-	-	PUNCT
fsr-3843	60	34	month	month	NOUN
fsr-3843	60	35	of	of	ADP
fsr-3843	60	36	0.5132	0.5132	NUM
fsr-3843	60	37	(	(	PUNCT
fsr-3843	60	38	0.8468	0.8468	NUM
fsr-3843	60	39	)	)	PUNCT
fsr-3843	60	40	percent	percent	NOUN
fsr-3843	60	41	.	.	PUNCT
fsr-3843	61	1	however	however	ADV
fsr-3843	61	2	,	,	PUNCT
fsr-3843	61	3	with	with	ADP
fsr-3843	61	4	round	round	ADJ
fsr-3843	61	5	trip	trip	NOUN
fsr-3843	61	6	transactions	transaction	NOUN
fsr-3843	61	7	costs	cost	NOUN
fsr-3843	61	8	conservatively	conservatively	ADV
fsr-3843	61	9	estimated	estimate	VERB
fsr-3843	61	10	at	at	ADP
fsr-3843	61	11	0.46	0.46	NUM
fsr-3843	61	12	percent	percent	NOUN
fsr-3843	61	13	,	,	PUNCT
fsr-3843	61	14	a	a	DET
fsr-3843	61	15	speculator	speculator	NOUN
fsr-3843	61	16	is	be	AUX
fsr-3843	61	17	unlikely	unlikely	ADJ
fsr-3843	61	18	to	to	PART
fsr-3843	61	19	generate	generate	VERB
fsr-3843	61	20	suffi	suffi	NOUN
fsr-3843	61	21	cient	cient	NOUN
fsr-3843	61	22	profits	profit	NOUN
fsr-3843	61	23	from	from	ADP
fsr-3843	61	24	trading	trade	VERB
fsr-3843	61	25	on	on	ADP
fsr-3843	61	26	this	this	DET
fsr-3843	61	27	information	information	NOUN
fsr-3843	61	28	.	.	PUNCT
fsr-3843	62	1	henzel	henzel	PROPN
fsr-3843	62	2	and	and	CCONJ
fsr-3843	62	3	ziemba	ziemba	PROPN
fsr-3843	62	4	(	(	PUNCT
fsr-3843	62	5	1996	1996	NUM
fsr-3843	62	6	)	)	PUNCT
fsr-3843	62	7	demonstrate	demonstrate	VERB
fsr-3843	62	8	how	how	SCONJ
fsr-3843	62	9	the	the	DET
fsr-3843	62	10	monthly	monthly	ADJ
fsr-3843	62	11	seasonal	seasonal	NOUN
fsr-3843	62	12	can	can	AUX
fsr-3843	62	13	be	be	AUX
fsr-3843	62	14	exploited	exploit	VERB
fsr-3843	62	15	,	,	PUNCT
fsr-3843	62	16	using	use	VERB
fsr-3843	62	17	data	datum	NOUN
fsr-3843	62	18	from	from	ADP
fsr-3843	62	19	the	the	DET
fsr-3843	62	20	s&p	s&p	PROPN
fsr-3843	62	21	500	500	NUM
fsr-3843	62	22	index	index	NOUN
fsr-3843	62	23	between	between	ADP
fsr-3843	62	24	1928	1928	NUM
fsr-3843	62	25	and	and	CCONJ
fsr-3843	62	26	1993	1993	NUM
fsr-3843	62	27	and	and	CCONJ
fsr-3843	62	28	the	the	DET
fsr-3843	62	29	trading	trading	NOUN
fsr-3843	62	30	days	day	NOUN
fsr-3843	62	31	identified	identify	VERB
fsr-3843	62	32	by	by	ADP
fsr-3843	62	33	ariel	ariel	PROPN
fsr-3843	62	34	(	(	PUNCT
fsr-3843	62	35	trading	trading	NOUN
fsr-3843	62	36	day	day	NOUN
fsr-3843	62	37	-1	-1	ADP
fsr-3843	62	38	to	to	ADP
fsr-3843	62	39	+4	+4	PROPN
fsr-3843	62	40	)	)	PUNCT
fsr-3843	62	41	,	,	PUNCT
fsr-3843	62	42	by	by	ADP
fsr-3843	62	43	switching	switch	VERB
fsr-3843	62	44	between	between	ADP
fsr-3843	62	45	the	the	DET
fsr-3843	62	46	index	index	NOUN
fsr-3843	62	47	and	and	CCONJ
fsr-3843	62	48	an	an	DET
fsr-3843	62	49	interest	interest	NOUN
fsr-3843	62	50	bearing	bear	VERB
fsr-3843	62	51	cash	cash	NOUN
fsr-3843	62	52	account	account	NOUN
fsr-3843	62	53	at	at	ADP
fsr-3843	62	54	the	the	DET
fsr-3843	62	55	turn	turn	VERB
fsr-3843	62	56	-	-	PUNCT
fsr-3843	62	57	of	of	ADP
fsr-3843	62	58	-	-	PUNCT
fsr-3843	62	59	the	the	DET
fsr-3843	62	60	-	-	PUNCT
fsr-3843	62	61	month	month	NOUN
fsr-3843	62	62	.	.	PUNCT
fsr-3843	63	1	the	the	DET
fsr-3843	63	2	strategy	strategy	NOUN
fsr-3843	63	3	produces	produce	VERB
fsr-3843	63	4	an	an	DET
fsr-3843	63	5	average	average	ADJ
fsr-3843	63	6	annual	annual	ADJ
fsr-3843	63	7	return	return	NOUN
fsr-3843	63	8	of	of	ADP
fsr-3843	63	9	10.13	10.13	NUM
fsr-3843	63	10	percent	percent	NOUN
fsr-3843	63	11	over	over	ADP
fsr-3843	63	12	the	the	DET
fsr-3843	63	13	sixty	sixty	NUM
fsr-3843	63	14	-	-	PUNCT
fsr-3843	63	15	five	five	NUM
fsr-3843	63	16	-	-	PUNCT
fsr-3843	63	17	year	year	NOUN
fsr-3843	63	18	period	period	NOUN
fsr-3843	63	19	of	of	ADP
fsr-3843	63	20	the	the	DET
fsr-3843	63	21	study	study	NOUN
fsr-3843	63	22	,	,	PUNCT
fsr-3843	63	23	compared	compare	VERB
fsr-3843	63	24	to	to	ADP
fsr-3843	63	25	an	an	DET
fsr-3843	63	26	average	average	ADJ
fsr-3843	63	27	annual	annual	ADJ
fsr-3843	63	28	return	return	NOUN
fsr-3843	63	29	of	of	ADP
fsr-3843	63	30	9.50	9.50	NUM
fsr-3843	63	31	percent	percent	NOUN
fsr-3843	63	32	for	for	ADP
fsr-3843	63	33	a	a	DET
fsr-3843	63	34	simple	simple	ADJ
fsr-3843	63	35	buy	buy	VERB
fsr-3843	63	36	-	-	PUNCT
fsr-3843	63	37	and	and	CCONJ
fsr-3843	63	38	-	-	PUNCT
fsr-3843	63	39	hold	hold	VERB
fsr-3843	63	40	strategy	strategy	NOUN
fsr-3843	63	41	on	on	ADP
fsr-3843	63	42	the	the	DET
fsr-3843	63	43	index	index	NOUN
fsr-3843	63	44	.	.	PUNCT
fsr-3843	64	1	they	they	PRON
fsr-3843	64	2	also	also	ADV
fsr-3843	64	3	demon	demon	VERB
fsr-3843	64	4	strate	strate	VERB
fsr-3843	64	5	that	that	SCONJ
fsr-3843	64	6	the	the	DET
fsr-3843	64	7	effect	effect	NOUN
fsr-3843	64	8	is	be	AUX
fsr-3843	64	9	not	not	PART
fsr-3843	64	10	the	the	DET
fsr-3843	64	11	result	result	NOUN
fsr-3843	64	12	of	of	ADP
fsr-3843	64	13	a	a	DET
fsr-3843	64	14	few	few	ADJ
fsr-3843	64	15	"	"	PUNCT
fsr-3843	64	16	significant	significant	ADJ
fsr-3843	64	17	days	day	NOUN
fsr-3843	64	18	"	"	PUNCT
fsr-3843	64	19	and	and	CCONJ
fsr-3843	64	20	that	that	SCONJ
fsr-3843	64	21	large	large	ADJ
fsr-3843	64	22	gains	gain	NOUN
fsr-3843	64	23	and	and	CCONJ
fsr-3843	64	24	losses	loss	NOUN
fsr-3843	64	25	are	be	AUX
fsr-3843	64	26	proportionally	proportionally	ADV
fsr-3843	64	27	distributed	distribute	VERB
fsr-3843	64	28	between	between	ADP
fsr-3843	64	29	the	the	DET
fsr-3843	64	30	turn	turn	NOUN
fsr-3843	64	31	-	-	PUNCT
fsr-3843	64	32	of	of	ADP
fsr-3843	64	33	-	-	PUNCT
fsr-3843	64	34	the	the	DET
fsr-3843	64	35	-	-	PUNCT
fsr-3843	64	36	month	month	NOUN
fsr-3843	64	37	period	period	NOUN
fsr-3843	64	38	and	and	CCONJ
fsr-3843	64	39	the	the	DET
fsr-3843	64	40	rest	rest	NOUN
fsr-3843	64	41	of	of	ADP
fsr-3843	64	42	the	the	DET
fsr-3843	64	43	month	month	NOUN
fsr-3843	64	44	.	.	PUNCT
fsr-3843	65	1	an	an	DET
fsr-3843	65	2	even	even	ADV
fsr-3843	65	3	stronger	strong	ADJ
fsr-3843	65	4	turn	turn	VERB
fsr-3843	65	5	-	-	PUNCT
fsr-3843	65	6	of	of	ADP
fsr-3843	65	7	-	-	PUNCT
fsr-3843	65	8	the	the	DET
fsr-3843	65	9	-	-	PUNCT
fsr-3843	65	10	month	month	NOUN
fsr-3843	65	11	effect	effect	NOUN
fsr-3843	65	12	is	be	AUX
fsr-3843	65	13	identified	identify	VERB
fsr-3843	65	14	for	for	ADP
fsr-3843	65	15	the	the	DET
fsr-3843	65	16	five	five	NUM
fsr-3843	65	17	days	day	NOUN
fsr-3843	65	18	between	between	ADP
fsr-3843	65	19	trading	trading	NOUN
fsr-3843	65	20	days	day	NOUN
fsr-3843	65	21	-2	-2	PUNCT
fsr-3843	65	22	and	and	CCONJ
fsr-3843	65	23	+3	+3	PROPN
fsr-3843	65	24	.	.	PUNCT
fsr-3843	66	1	this	this	DET
fsr-3843	66	2	shifting	shifting	NOUN
fsr-3843	66	3	of	of	ADP
fsr-3843	66	4	the	the	DET
fsr-3843	66	5	critical	critical	ADJ
fsr-3843	66	6	turn	turn	NOUN
fsr-3843	66	7	-	-	PUNCT
fsr-3843	66	8	of	of	ADP
fsr-3843	66	9	-	-	PUNCT
fsr-3843	66	10	the	the	DET
fsr-3843	66	11	-	-	PUNCT
fsr-3843	66	12	month	month	NOUN
fsr-3843	66	13	period	period	NOUN
fsr-3843	66	14	has	have	AUX
fsr-3843	66	15	been	be	AUX
fsr-3843	66	16	observed	observe	VERB
fsr-3843	66	17	in	in	ADP
fsr-3843	66	18	other	other	ADJ
fsr-3843	66	19	studies	study	NOUN
fsr-3843	66	20	and	and	CCONJ
fsr-3843	66	21	may	may	AUX
fsr-3843	66	22	be	be	AUX
fsr-3843	66	23	related	relate	VERB
fsr-3843	66	24	to	to	ADP
fsr-3843	66	25	futures	future	NOUN
fsr-3843	66	26	trading	trading	NOUN
fsr-3843	66	27	in	in	ADP
fsr-3843	66	28	anticipation	anticipation	NOUN
fsr-3843	66	29	of	of	ADP
fsr-3843	66	30	the	the	DET
fsr-3843	66	31	effect	effect	NOUN
fsr-3843	66	32	(	(	PUNCT
fsr-3843	66	33	henzel	henzel	ADJ
fsr-3843	66	34	,	,	PUNCT
fsr-3843	66	35	sick	sick	ADJ
fsr-3843	66	36	,	,	PUNCT
fsr-3843	66	37	&	&	CCONJ
fsr-3843	66	38	ziemba	ziemba	PROPN
fsr-3843	66	39	,	,	PUNCT
fsr-3843	66	40	1994	1994	NUM
fsr-3843	66	41	)	)	PUNCT
fsr-3843	66	42	.	.	PUNCT
fsr-3843	67	1	this	this	DET
fsr-3843	67	2	study	study	NOUN
fsr-3843	67	3	builds	build	VERB
fsr-3843	67	4	on	on	ADP
fsr-3843	67	5	henzel	henzel	PROPN
fsr-3843	67	6	and	and	CCONJ
fsr-3843	67	7	ziemba	ziemba	NOUN
fsr-3843	67	8	by	by	ADP
fsr-3843	67	9	testing	test	VERB
fsr-3843	67	10	whether	whether	SCONJ
fsr-3843	67	11	individual	individual	ADJ
fsr-3843	67	12	investors	investor	NOUN
fsr-3843	67	13	can	can	AUX
fsr-3843	67	14	exploit	exploit	VERB
fsr-3843	67	15	the	the	DET
fsr-3843	67	16	turn	turn	VERB
fsr-3843	67	17	-	-	PUNCT
fsr-3843	67	18	of	of	ADP
fsr-3843	67	19	-	-	PUNCT
fsr-3843	67	20	the	the	DET
fsr-3843	67	21	-	-	PUNCT
fsr-3843	67	22	month	month	NOUN
fsr-3843	67	23	effect	effect	NOUN
fsr-3843	67	24	,	,	PUNCT
fsr-3843	67	25	and	and	CCONJ
fsr-3843	67	26	avoid	avoid	VERB
fsr-3843	67	27	the	the	DET
fsr-3843	67	28	transactions	transaction	NOUN
fsr-3843	67	29	costs	cost	NOUN
fsr-3843	67	30	,	,	PUNCT
fsr-3843	67	31	by	by	ADP
fsr-3843	67	32	implementing	implement	VERB
fsr-3843	67	33	the	the	DET
fsr-3843	67	34	switching	switch	VERB
fsr-3843	67	35	strategy	strategy	NOUN
fsr-3843	67	36	in	in	ADP
fsr-3843	67	37	a	a	DET
fsr-3843	67	38	tax	tax	NOUN
fsr-3843	67	39	-	-	PUNCT
fsr-3843	67	40	deferred	defer	VERB
fsr-3843	67	41	,	,	PUNCT
fsr-3843	67	42	no	no	DET
fsr-3843	67	43	cost	cost	NOUN
fsr-3843	67	44	retirement	retirement	NOUN
fsr-3843	67	45	plan	plan	NOUN
fsr-3843	67	46	.	.	PUNCT
fsr-3843	68	1	if	if	SCONJ
fsr-3843	68	2	this	this	DET
fsr-3843	68	3	pattern	pattern	NOUN
fsr-3843	68	4	in	in	ADP
fsr-3843	68	5	returns	return	NOUN
fsr-3843	68	6	is	be	AUX
fsr-3843	68	7	driven	drive	VERB
fsr-3843	68	8	by	by	ADP
fsr-3843	68	9	liquidity	liquidity	NOUN
fsr-3843	68	10	,	,	PUNCT
fsr-3843	68	11	pension	pension	NOUN
fsr-3843	68	12	fund	fund	NOUN
fsr-3843	68	13	buying	buying	NOUN
fsr-3843	68	14	,	,	PUNCT
fsr-3843	68	15	and	and	CCONJ
fsr-3843	68	16	futures	future	NOUN
fsr-3843	68	17	activity	activity	NOUN
fsr-3843	68	18	,	,	PUNCT
fsr-3843	68	19	then	then	ADV
fsr-3843	68	20	it	it	PRON
fsr-3843	68	21	should	should	AUX
fsr-3843	68	22	be	be	AUX
fsr-3843	68	23	observable	observable	ADJ
fsr-3843	68	24	in	in	ADP
fsr-3843	68	25	most	most	ADV
fsr-3843	68	26	broad	broad	ADJ
fsr-3843	68	27	stock	stock	NOUN
fsr-3843	68	28	market	market	NOUN
fsr-3843	68	29	accounts	account	NOUN
fsr-3843	68	30	available	available	ADJ
fsr-3843	68	31	in	in	ADP
fsr-3843	68	32	retirement	retirement	NOUN
fsr-3843	68	33	plans	plan	NOUN
fsr-3843	68	34	and	and	CCONJ
fsr-3843	68	35	variable	variable	ADJ
fsr-3843	68	36	annuities	annuity	NOUN
fsr-3843	68	37	.	.	PUNCT
fsr-3843	69	1	by	by	ADP
fsr-3843	69	2	timing	time	VERB
fsr-3843	69	3	trades	trade	NOUN
fsr-3843	69	4	to	to	ADP
fsr-3843	69	5	the	the	DET
fsr-3843	69	6	turn	turn	VERB
fsr-3843	69	7	-	-	PUNCT
fsr-3843	69	8	of	of	ADP
fsr-3843	69	9	-	-	PUNCT
fsr-3843	69	10	the	the	DET
fsr-3843	69	11	-	-	PUNCT
fsr-3843	69	12	month	month	NOUN
fsr-3843	69	13	period	period	NOUN
fsr-3843	69	14	,	,	PUNCT
fsr-3843	69	15	individual	individual	ADJ
fsr-3843	69	16	investors	investor	NOUN
fsr-3843	69	17	could	could	AUX
fsr-3843	69	18	enhance	enhance	VERB
fsr-3843	69	19	the	the	DET
fsr-3843	69	20	performance	performance	NOUN
fsr-3843	69	21	of	of	ADP
fsr-3843	69	22	retirement	retirement	NOUN
fsr-3843	69	23	plans	plan	NOUN
fsr-3843	69	24	and	and	CCONJ
fsr-3843	69	25	annuities	annuity	NOUN
fsr-3843	69	26	which	which	PRON
fsr-3843	69	27	allow	allow	VERB
fsr-3843	69	28	frequent	frequent	ADJ
fsr-3843	69	29	transfer	transfer	NOUN
fsr-3843	69	30	at	at	ADP
fsr-3843	69	31	no	no	DET
fsr-3843	69	32	cost	cost	NOUN
fsr-3843	69	33	.	.	PUNCT
fsr-3843	70	1	the	the	DET
fsr-3843	70	2	rest	rest	NOUN
fsr-3843	70	3	of	of	ADP
fsr-3843	70	4	the	the	DET
fsr-3843	70	5	paper	paper	NOUN
fsr-3843	70	6	proceeds	proceed	NOUN
fsr-3843	70	7	as	as	SCONJ
fsr-3843	70	8	follows	follow	VERB
fsr-3843	70	9	.	.	PUNCT
fsr-3843	71	1	the	the	DET
fsr-3843	71	2	next	next	ADJ
fsr-3843	71	3	sections	section	NOUN
fsr-3843	71	4	describe	describe	VERB
fsr-3843	71	5	the	the	DET
fsr-3843	71	6	data	datum	NOUN
fsr-3843	71	7	used	use	VERB
fsr-3843	71	8	in	in	ADP
fsr-3843	71	9	the	the	DET
fsr-3843	71	10	study	study	NOUN
fsr-3843	71	11	and	and	CCONJ
fsr-3843	71	12	our	our	PRON
fsr-3843	71	13	efforts	effort	NOUN
fsr-3843	71	14	to	to	PART
fsr-3843	71	15	determine	determine	VERB
fsr-3843	71	16	if	if	SCONJ
fsr-3843	71	17	the	the	DET
fsr-3843	71	18	turn	turn	VERB
fsr-3843	71	19	-	-	PUNCT
fsr-3843	71	20	of	of	ADP
fsr-3843	71	21	-	-	PUNCT
fsr-3843	71	22	the	the	DET
fsr-3843	71	23	-	-	PUNCT
fsr-3843	71	24	month	month	NOUN
fsr-3843	71	25	effect	effect	NOUN
fsr-3843	71	26	exists	exist	VERB
fsr-3843	71	27	in	in	ADP
fsr-3843	71	28	the	the	DET
fsr-3843	71	29	data	datum	NOUN
fsr-3843	71	30	.	.	PUNCT
fsr-3843	72	1	this	this	PRON
fsr-3843	72	2	is	be	AUX
fsr-3843	72	3	fol	fol	NOUN
fsr-3843	72	4	lowed	low	VERB
fsr-3843	72	5	by	by	ADP
fsr-3843	72	6	empirical	empirical	ADJ
fsr-3843	72	7	tests	test	NOUN
fsr-3843	72	8	of	of	ADP
fsr-3843	72	9	the	the	DET
fsr-3843	72	10	switching	switch	VERB
fsr-3843	72	11	strategy	strategy	NOUN
fsr-3843	72	12	,	,	PUNCT
fsr-3843	72	13	the	the	DET
fsr-3843	72	14	results	result	NOUN
fsr-3843	72	15	,	,	PUNCT
fsr-3843	72	16	and	and	CCONJ
fsr-3843	72	17	our	our	PRON
fsr-3843	72	18	conclusions	conclusion	NOUN
fsr-3843	72	19	based	base	VERB
fsr-3843	72	20	on	on	ADP
fsr-3843	72	21	these	these	DET
fsr-3843	72	22	results	result	NOUN
fsr-3843	72	23	.	.	PUNCT
fsr-3843	73	1	iii	iii	X
fsr-3843	73	2	.	.	PUNCT
fsr-3843	73	3	data	datum	NOUN
fsr-3843	73	4	and	and	CCONJ
fsr-3843	73	5	methodology	methodology	NOUN
fsr-3843	73	6	the	the	DET
fsr-3843	73	7	retirement	retirement	NOUN
fsr-3843	73	8	fund	fund	PROPN
fsr-3843	73	9	data	datum	NOUN
fsr-3843	73	10	used	use	VERB
fsr-3843	73	11	in	in	ADP
fsr-3843	73	12	this	this	DET
fsr-3843	73	13	study	study	NOUN
fsr-3843	73	14	were	be	AUX
fsr-3843	73	15	obtained	obtain	VERB
fsr-3843	73	16	by	by	ADP
fsr-3843	73	17	the	the	DET
fsr-3843	73	18	authors	author	NOUN
fsr-3843	73	19	from	from	ADP
fsr-3843	73	20	the	the	DET
fsr-3843	73	21	corporate	corporate	ADJ
fsr-3843	73	22	office	office	NOUN
fsr-3843	73	23	of	of	ADP
fsr-3843	73	24	the	the	DET
fsr-3843	73	25	teachers	teacher	NOUN
fsr-3843	73	26	insurance	insurance	PROPN
fsr-3843	73	27	and	and	CCONJ
fsr-3843	73	28	annuity	annuity	NOUN
fsr-3843	73	29	association	association	PROPN
fsr-3843	73	30	-	-	PUNCT
fsr-3843	73	31	college	college	PROPN
fsr-3843	73	32	retirement	retirement	PROPN
fsr-3843	73	33	equities	equities	PROPN
fsr-3843	73	34	fund	fund	PROPN
fsr-3843	73	35	(	(	PUNCT
fsr-3843	73	36	tiaa	tiaa	NOUN
fsr-3843	73	37	-	-	PUNCT
fsr-3843	73	38	cref	cref	NOUN
fsr-3843	73	39	)	)	PUNCT
fsr-3843	73	40	.	.	PUNCT
fsr-3843	74	1	tiaa	tiaa	ADJ
fsr-3843	74	2	-	-	PUNCT
fsr-3843	74	3	cref	cref	NOUN
fsr-3843	74	4	is	be	AUX
fsr-3843	74	5	a	a	DET
fsr-3843	74	6	nationwide	nationwide	ADJ
fsr-3843	74	7	retirement	retirement	NOUN
fsr-3843	74	8	system	system	NOUN
fsr-3843	74	9	for	for	ADP
fsr-3843	74	10	employees	employee	NOUN
fsr-3843	74	11	at	at	ADP
fsr-3843	74	12	col	col	PROPN
fsr-3843	74	13	leges	lex	NOUN
fsr-3843	74	14	,	,	PUNCT
fsr-3843	74	15	universities	university	NOUN
fsr-3843	74	16	,	,	PUNCT
fsr-3843	74	17	and	and	CCONJ
fsr-3843	74	18	other	other	ADJ
fsr-3843	74	19	nonprofit	nonprofit	ADJ
fsr-3843	74	20	educational	educational	ADJ
fsr-3843	74	21	and	and	CCONJ
fsr-3843	74	22	research	research	NOUN
fsr-3843	74	23	institutions	institution	NOUN
fsr-3843	74	24	in	in	ADP
fsr-3843	74	25	the	the	DET
fsr-3843	74	26	united	united	PROPN
fsr-3843	74	27	states	states	PROPN
fsr-3843	74	28	.	.	PUNCT
fsr-3843	75	1	it	it	PRON
fsr-3843	75	2	is	be	AUX
fsr-3843	75	3	the	the	DET
fsr-3843	75	4	largest	large	ADJ
fsr-3843	75	5	private	private	ADJ
fsr-3843	75	6	retirement	retirement	NOUN
fsr-3843	75	7	system	system	NOUN
fsr-3843	75	8	in	in	ADP
fsr-3843	75	9	the	the	DET
fsr-3843	75	10	world	world	NOUN
fsr-3843	75	11	,	,	PUNCT
fsr-3843	75	12	reporting	report	VERB
fsr-3843	75	13	assets	asset	NOUN
fsr-3843	75	14	in	in	ADP
fsr-3843	75	15	excess	excess	NOUN
fsr-3843	75	16	of	of	ADP
fsr-3843	75	17	$	$	SYM
fsr-3843	75	18	200	200	NUM
fsr-3843	75	19	billion	billion	NUM
fsr-3843	75	20	as	as	ADP
fsr-3843	75	21	of	of	ADP
fsr-3843	75	22	december	december	PROPN
fsr-3843	75	23	31	31	NUM
fsr-3843	75	24	,	,	PUNCT
fsr-3843	75	25	1997	1997	NUM
fsr-3843	75	26	.	.	PUNCT
fsr-3843	76	1	tiaa	tiaa	PROPN
fsr-3843	76	2	was	be	AUX
fsr-3843	76	3	established	establish	VERB
fsr-3843	76	4	in	in	ADP
fsr-3843	76	5	1918	1918	NUM
fsr-3843	76	6	as	as	ADP
fsr-3843	76	7	a	a	DET
fsr-3843	76	8	nonprofit	nonprofit	ADJ
fsr-3843	76	9	orga	orga	NOUN
fsr-3843	76	10	nization	nization	NOUN
fsr-3843	76	11	for	for	ADP
fsr-3843	76	12	the	the	DET
fsr-3843	76	13	advancement	advancement	NOUN
fsr-3843	76	14	of	of	ADP
fsr-3843	76	15	teaching	teaching	NOUN
fsr-3843	76	16	as	as	ADP
fsr-3843	76	17	a	a	DET
fsr-3843	76	18	profession	profession	NOUN
fsr-3843	76	19	and	and	CCONJ
fsr-3843	76	20	to	to	PART
fsr-3843	76	21	provide	provide	VERB
fsr-3843	76	22	life	life	NOUN
fsr-3843	76	23	insurance	insurance	NOUN
fsr-3843	76	24	,	,	PUNCT
fsr-3843	76	25	pen	pen	NOUN
fsr-3843	76	26	sion	sion	NOUN
fsr-3843	76	27	products	product	NOUN
fsr-3843	76	28	,	,	PUNCT
fsr-3843	76	29	and	and	CCONJ
fsr-3843	76	30	long	long	ADJ
fsr-3843	76	31	-	-	PUNCT
fsr-3843	76	32	term	term	NOUN
fsr-3843	76	33	disability	disability	NOUN
fsr-3843	76	34	and	and	CCONJ
fsr-3843	76	35	care	care	NOUN
fsr-3843	76	36	insurance	insurance	NOUN
fsr-3843	76	37	.	.	PUNCT
fsr-3843	77	1	cref	cref	PROPN
fsr-3843	77	2	was	be	AUX
fsr-3843	77	3	established	establish	VERB
fsr-3843	77	4	in	in	ADP
fsr-3843	77	5	1952	1952	NUM
fsr-3843	77	6	as	as	ADP
fsr-3843	77	7	a	a	DET
fsr-3843	77	8	companion	companion	NOUN
fsr-3843	77	9	,	,	PUNCT
fsr-3843	77	10	nonprofit	nonprofit	ADJ
fsr-3843	77	11	open	open	ADJ
fsr-3843	77	12	-	-	PUNCT
fsr-3843	77	13	end	end	NOUN
fsr-3843	77	14	investment	investment	NOUN
fsr-3843	77	15	company	company	NOUN
fsr-3843	77	16	offering	offer	VERB
fsr-3843	77	17	new	new	ADJ
fsr-3843	77	18	financial	financial	ADJ
fsr-3843	77	19	products	product	NOUN
fsr-3843	77	20	,	,	PUNCT
fsr-3843	77	21	including	include	VERB
fsr-3843	77	22	the	the	DET
fsr-3843	77	23	world	world	NOUN
fsr-3843	77	24	's	's	PART
fsr-3843	77	25	first	first	ADJ
fsr-3843	77	26	variable	variable	ADJ
fsr-3843	77	27	annuity	annuity	NOUN
fsr-3843	77	28	.	.	PUNCT
fsr-3843	78	1	as	as	ADP
fsr-3843	78	2	of	of	ADP
fsr-3843	78	3	june	june	PROPN
fsr-3843	78	4	,	,	PUNCT
fsr-3843	78	5	1998	1998	NUM
fsr-3843	78	6	cref	cref	NOUN
fsr-3843	78	7	offers	offer	VERB
fsr-3843	78	8	one	one	NUM
fsr-3843	78	9	traditional	traditional	ADJ
fsr-3843	78	10	a	a	DET
fsr-3843	78	11	tax	tax	NOUN
fsr-3843	78	12	-	-	PUNCT
fsr-3843	78	13	free	free	ADJ
fsr-3843	78	14	exploitation	exploitation	NOUN
fsr-3843	78	15	15	15	NUM
fsr-3843	78	16	annuity	annuity	NOUN
fsr-3843	78	17	,	,	PUNCT
fsr-3843	78	18	four	four	NUM
fsr-3843	78	19	equity	equity	NOUN
fsr-3843	78	20	accounts	account	NOUN
fsr-3843	78	21	,	,	PUNCT
fsr-3843	78	22	two	two	NUM
fsr-3843	78	23	fixed	fix	VERB
fsr-3843	78	24	-	-	PUNCT
fsr-3843	78	25	income	income	NOUN
fsr-3843	78	26	accounts	account	NOUN
fsr-3843	78	27	,	,	PUNCT
fsr-3843	78	28	a	a	DET
fsr-3843	78	29	money	money	NOUN
fsr-3843	78	30	market	market	NOUN
fsr-3843	78	31	account	account	NOUN
fsr-3843	78	32	,	,	PUNCT
fsr-3843	78	33	a	a	DET
fsr-3843	78	34	social	social	ADJ
fsr-3843	78	35	choice	choice	NOUN
fsr-3843	78	36	account	account	NOUN
fsr-3843	78	37	,	,	PUNCT
fsr-3843	78	38	and	and	CCONJ
fsr-3843	78	39	a	a	DET
fsr-3843	78	40	real	real	ADJ
fsr-3843	78	41	estate	estate	NOUN
fsr-3843	78	42	account	account	NOUN
fsr-3843	78	43	.	.	PUNCT
fsr-3843	79	1	the	the	DET
fsr-3843	79	2	study	study	NOUN
fsr-3843	79	3	begins	begin	VERB
fsr-3843	79	4	on	on	ADP
fsr-3843	79	5	april	april	PROPN
fsr-3843	79	6	1	1	NUM
fsr-3843	79	7	,	,	PUNCT
fsr-3843	79	8	1988	1988	NUM
fsr-3843	79	9	,	,	PUNCT
fsr-3843	79	10	the	the	DET
fsr-3843	79	11	day	day	NOUN
fsr-3843	79	12	that	that	PRON
fsr-3843	79	13	cref	cref	NOUN
fsr-3843	79	14	introduced	introduce	VERB
fsr-3843	79	15	its	its	PRON
fsr-3843	79	16	money	money	NOUN
fsr-3843	79	17	market	market	NOUN
fsr-3843	79	18	account	account	NOUN
fsr-3843	79	19	,	,	PUNCT
fsr-3843	79	20	and	and	CCONJ
fsr-3843	79	21	ends	end	VERB
fsr-3843	79	22	on	on	ADP
fsr-3843	79	23	the	the	DET
fsr-3843	79	24	last	last	ADJ
fsr-3843	79	25	day	day	NOUN
fsr-3843	79	26	of	of	ADP
fsr-3843	79	27	december	december	PROPN
fsr-3843	79	28	,	,	PUNCT
fsr-3843	79	29	1997	1997	NUM
fsr-3843	79	30	.	.	PUNCT
fsr-3843	80	1	we	we	PRON
fsr-3843	80	2	examine	examine	VERB
fsr-3843	80	3	four	four	NUM
fsr-3843	80	4	sample	sample	NOUN
fsr-3843	80	5	periods	period	NOUN
fsr-3843	80	6	,	,	PUNCT
fsr-3843	80	7	one	one	NUM
fsr-3843	80	8	nine	nine	NUM
fsr-3843	80	9	-	-	PUNCT
fsr-3843	80	10	year	year	NOUN
fsr-3843	80	11	period	period	NOUN
fsr-3843	80	12	and	and	CCONJ
fsr-3843	80	13	three	three	NUM
fsr-3843	80	14	sub	sub	NOUN
fsr-3843	80	15	-	-	ADJ
fsr-3843	80	16	periods	period	NOUN
fsr-3843	80	17	,	,	PUNCT
fsr-3843	80	18	in	in	ADP
fsr-3843	80	19	which	which	PRON
fsr-3843	80	20	to	to	PART
fsr-3843	80	21	evaluate	evaluate	VERB
fsr-3843	80	22	the	the	DET
fsr-3843	80	23	trading	trading	NOUN
fsr-3843	80	24	strategy	strategy	NOUN
fsr-3843	80	25	.	.	PUNCT
fsr-3843	81	1	returns	return	NOUN
fsr-3843	81	2	for	for	ADP
fsr-3843	81	3	the	the	DET
fsr-3843	81	4	switching	switch	VERB
fsr-3843	81	5	strategy	strategy	NOUN
fsr-3843	81	6	and	and	CCONJ
fsr-3843	81	7	the	the	DET
fsr-3843	81	8	buy	buy	VERB
fsr-3843	81	9	-	-	PUNCT
fsr-3843	81	10	and	and	CCONJ
fsr-3843	81	11	-	-	PUNCT
fsr-3843	81	12	hold	hold	VERB
fsr-3843	81	13	strategy	strategy	NOUN
fsr-3843	81	14	are	be	AUX
fsr-3843	81	15	computed	compute	VERB
fsr-3843	81	16	using	use	VERB
fsr-3843	81	17	the	the	DET
fsr-3843	81	18	daily	daily	ADJ
fsr-3843	81	19	closing	closing	NOUN
fsr-3843	81	20	unit	unit	NOUN
fsr-3843	81	21	values	value	NOUN
fsr-3843	81	22	for	for	ADP
fsr-3843	81	23	the	the	DET
fsr-3843	81	24	stock	stock	NOUN
fsr-3843	81	25	account	account	NOUN
fsr-3843	81	26	and	and	CCONJ
fsr-3843	81	27	money	money	NOUN
fsr-3843	81	28	market	market	NOUN
fsr-3843	81	29	account	account	NOUN
fsr-3843	81	30	.	.	PUNCT
fsr-3843	82	1	the	the	DET
fsr-3843	82	2	raw	raw	ADJ
fsr-3843	82	3	data	datum	NOUN
fsr-3843	82	4	were	be	AUX
fsr-3843	82	5	transformed	transform	VERB
fsr-3843	82	6	into	into	ADP
fsr-3843	82	7	daily	daily	ADJ
fsr-3843	82	8	holding	hold	VERB
fsr-3843	82	9	period	period	NOUN
fsr-3843	82	10	returns	return	NOUN
fsr-3843	82	11	from	from	ADP
fsr-3843	82	12	april	april	PROPN
fsr-3843	82	13	,	,	PUNCT
fsr-3843	82	14	1988	1988	NUM
fsr-3843	82	15	through	through	ADP
fsr-3843	82	16	december	december	PROPN
fsr-3843	82	17	,	,	PUNCT
fsr-3843	82	18	1997	1997	NUM
fsr-3843	82	19	.	.	PUNCT
fsr-3843	83	1	we	we	PRON
fsr-3843	83	2	also	also	ADV
fsr-3843	83	3	examine	examine	VERB
fsr-3843	83	4	two	two	NUM
fsr-3843	83	5	market	market	NOUN
fsr-3843	83	6	indices	index	NOUN
fsr-3843	83	7	,	,	PUNCT
fsr-3843	83	8	the	the	DET
fsr-3843	83	9	dow	dow	PROPN
fsr-3843	83	10	jones	jones	PROPN
fsr-3843	83	11	industrial	industrial	PROPN
fsr-3843	83	12	average	average	PROPN
fsr-3843	83	13	and	and	CCONJ
fsr-3843	83	14	standard	standard	ADJ
fsr-3843	83	15	&	&	CCONJ
fsr-3843	83	16	poor	poor	PROPN
fsr-3843	83	17	's	's	PART
fsr-3843	83	18	500	500	NUM
fsr-3843	83	19	index	index	NOUN
fsr-3843	83	20	,	,	PUNCT
fsr-3843	83	21	for	for	ADP
fsr-3843	83	22	evidence	evidence	NOUN
fsr-3843	83	23	that	that	SCONJ
fsr-3843	83	24	the	the	DET
fsr-3843	83	25	monthly	monthly	ADJ
fsr-3843	83	26	seasonal	seasonal	NOUN
fsr-3843	83	27	identified	identify	VERB
fsr-3843	83	28	in	in	ADP
fsr-3843	83	29	earlier	early	ADJ
fsr-3843	83	30	studies	study	NOUN
fsr-3843	83	31	continues	continue	VERB
fsr-3843	83	32	to	to	PART
fsr-3843	83	33	exist	exist	VERB
fsr-3843	83	34	.	.	PUNCT
fsr-3843	84	1	we	we	PRON
fsr-3843	84	2	obtain	obtain	VERB
fsr-3843	84	3	daily	daily	ADJ
fsr-3843	84	4	closing	closing	NOUN
fsr-3843	84	5	values	value	NOUN
fsr-3843	84	6	for	for	ADP
fsr-3843	84	7	the	the	DET
fsr-3843	84	8	dow	dow	PROPN
fsr-3843	84	9	jones	jones	PROPN
fsr-3843	84	10	industrial	industrial	PROPN
fsr-3843	84	11	average	average	PROPN
fsr-3843	84	12	(	(	PUNCT
fsr-3843	84	13	djia	djia	PROPN
fsr-3843	84	14	)	)	PUNCT
fsr-3843	84	15	from	from	ADP
fsr-3843	84	16	the	the	DET
fsr-3843	84	17	dow	dow	PROPN
fsr-3843	84	18	jones	jones	PROPN
fsr-3843	84	19	averages	averages	PROPN
fsr-3843	84	20	1885	1885	NUM
fsr-3843	84	21	-	-	SYM
fsr-3843	84	22	1995	1995	NUM
fsr-3843	84	23	,	,	PUNCT
fsr-3843	84	24	(	(	PUNCT
fsr-3843	84	25	1996	1996	NUM
fsr-3843	84	26	)	)	PUNCT
fsr-3843	84	27	,	,	PUNCT
fsr-3843	84	28	the	the	DET
fsr-3843	84	29	wall	wall	PROPN
fsr-3843	84	30	street	street	PROPN
fsr-3843	84	31	journal	journal	PROPN
fsr-3843	84	32	index	index	NOUN
fsr-3843	84	33	(	(	PUNCT
fsr-3843	84	34	1996	1996	NUM
fsr-3843	84	35	)	)	PUNCT
fsr-3843	84	36	,	,	PUNCT
fsr-3843	84	37	and	and	CCONJ
fsr-3843	84	38	the	the	DET
fsr-3843	84	39	dow	dow	PROPN
fsr-3843	84	40	jones	jones	PROPN
fsr-3843	84	41	averages	average	NOUN
fsr-3843	84	42	:	:	PUNCT
fsr-3843	84	43	the	the	DET
fsr-3843	84	44	market	market	NOUN
fsr-3843	84	45	's	's	PART
fsr-3843	84	46	measure	measure	NOUN
fsr-3843	84	47	--	--	PUNCT
fsr-3843	84	48	dow	dow	PROPN
fsr-3843	84	49	data	datum	NOUN
fsr-3843	84	50	,	,	PUNCT
fsr-3843	84	51	[	[	X
fsr-3843	84	52	online](1997	online](1997	ADJ
fsr-3843	84	53	)	)	PUNCT
fsr-3843	84	54	.	.	PUNCT
fsr-3843	85	1	closing	close	VERB
fsr-3843	85	2	values	value	NOUN
fsr-3843	85	3	for	for	ADP
fsr-3843	85	4	the	the	DET
fsr-3843	85	5	standard	standard	PROPN
fsr-3843	85	6	&	&	CCONJ
fsr-3843	85	7	poor	poor	PROPN
fsr-3843	85	8	's	's	PART
fsr-3843	85	9	500	500	NUM
fsr-3843	85	10	index	index	NOUN
fsr-3843	85	11	(	(	PUNCT
fsr-3843	85	12	s&p	s&p	PROPN
fsr-3843	85	13	500	500	NUM
fsr-3843	85	14	)	)	PUNCT
fsr-3843	85	15	are	be	AUX
fsr-3843	85	16	obtained	obtain	VERB
fsr-3843	85	17	from	from	ADP
fsr-3843	85	18	standard	standard	PROPN
fsr-3843	85	19	&	&	CCONJ
fsr-3843	85	20	poor	poor	PROPN
fsr-3843	85	21	's	's	PART
fsr-3843	85	22	security	security	NOUN
fsr-3843	85	23	price	price	NOUN
fsr-3843	85	24	index	index	NOUN
fsr-3843	85	25	record	record	NOUN
fsr-3843	85	26	(	(	PUNCT
fsr-3843	85	27	1996	1996	NUM
fsr-3843	85	28	)	)	PUNCT
fsr-3843	85	29	and	and	CCONJ
fsr-3843	85	30	standard	standard	PROPN
fsr-3843	85	31	&	&	CCONJ
fsr-3843	85	32	poor	poor	PROPN
fsr-3843	85	33	's	's	PART
fsr-3843	85	34	current	current	ADJ
fsr-3843	85	35	statistics	statistic	NOUN
fsr-3843	85	36	(	(	PUNCT
fsr-3843	85	37	january	january	PROPN
fsr-3843	85	38	,	,	PUNCT
fsr-3843	85	39	1998	1998	NUM
fsr-3843	85	40	)	)	PUNCT
fsr-3843	85	41	.	.	PUNCT
fsr-3843	86	1	finally	finally	ADV
fsr-3843	86	2	,	,	PUNCT
fsr-3843	86	3	the	the	DET
fsr-3843	86	4	treasury	treasury	PROPN
fsr-3843	86	5	bill	bill	NOUN
fsr-3843	86	6	rates	rate	NOUN
fsr-3843	86	7	used	use	VERB
fsr-3843	86	8	to	to	PART
fsr-3843	86	9	calculate	calculate	VERB
fsr-3843	86	10	excess	excess	ADJ
fsr-3843	86	11	returns	return	NOUN
fsr-3843	86	12	in	in	ADP
fsr-3843	86	13	the	the	DET
fsr-3843	86	14	risk	risk	NOUN
fsr-3843	86	15	-	-	PUNCT
fsr-3843	86	16	adjusted	adjust	VERB
fsr-3843	86	17	performance	performance	NOUN
fsr-3843	86	18	measures	measure	NOUN
fsr-3843	86	19	are	be	AUX
fsr-3843	86	20	obtained	obtain	VERB
fsr-3843	86	21	from	from	ADP
fsr-3843	86	22	the	the	DET
fsr-3843	86	23	federal	federal	PROPN
fsr-3843	86	24	reserve	reserve	PROPN
fsr-3843	86	25	bank	bank	PROPN
fsr-3843	86	26	of	of	ADP
fsr-3843	86	27	st	st	PROPN
fsr-3843	86	28	.	.	PROPN
fsr-3843	86	29	louis	louis	PROPN
fsr-3843	86	30	,	,	PUNCT
fsr-3843	86	31	research	research	NOUN
fsr-3843	86	32	division	division	NOUN
fsr-3843	86	33	,	,	PUNCT
fsr-3843	86	34	(	(	PUNCT
fsr-3843	86	35	1997	1997	NUM
fsr-3843	86	36	)	)	PUNCT
fsr-3843	86	37	,	,	PUNCT
fsr-3843	87	1	federal	federal	PROPN
fsr-3843	87	2	reserve	reserve	PROPN
fsr-3843	87	3	economic	economic	ADJ
fsr-3843	87	4	data	datum	NOUN
fsr-3843	87	5	(	(	PUNCT
fsr-3843	87	6	fred	fred	PROPN
fsr-3843	87	7	)	)	PUNCT
fsr-3843	88	1	[	[	X
fsr-3843	88	2	online	online	X
fsr-3843	88	3	]	]	X
fsr-3843	88	4	data	data	NOUN
fsr-3843	88	5	files	file	NOUN
fsr-3843	88	6	of	of	ADP
fsr-3843	88	7	daily	daily	ADJ
fsr-3843	88	8	historical	historical	ADJ
fsr-3843	88	9	three	three	NUM
fsr-3843	88	10	-	-	PUNCT
fsr-3843	88	11	month	month	NOUN
fsr-3843	88	12	treasury	treasury	NOUN
fsr-3843	88	13	bill	bill	NOUN
fsr-3843	88	14	rates	rate	NOUN
fsr-3843	88	15	.	.	PUNCT
fsr-3843	89	1	the	the	DET
fsr-3843	89	2	switching	switch	VERB
fsr-3843	89	3	strategy	strategy	NOUN
fsr-3843	89	4	we	we	PRON
fsr-3843	89	5	investigate	investigate	VERB
fsr-3843	89	6	involves	involve	VERB
fsr-3843	89	7	the	the	DET
fsr-3843	89	8	transfer	transfer	NOUN
fsr-3843	89	9	of	of	ADP
fsr-3843	89	10	funds	fund	NOUN
fsr-3843	89	11	between	between	ADP
fsr-3843	89	12	a	a	DET
fsr-3843	89	13	cash	cash	NOUN
fsr-3843	89	14	account	account	NOUN
fsr-3843	89	15	and	and	CCONJ
fsr-3843	89	16	a	a	DET
fsr-3843	89	17	market	market	NOUN
fsr-3843	89	18	portfolio	portfolio	NOUN
fsr-3843	89	19	.	.	PUNCT
fsr-3843	90	1	the	the	DET
fsr-3843	90	2	money	money	NOUN
fsr-3843	90	3	market	market	NOUN
fsr-3843	90	4	a	a	DET
fsr-3843	90	5	~	~	NOUN
fsr-3843	90	6	count	count	NOUN
fsr-3843	90	7	is	be	AUX
fsr-3843	90	8	selected	select	VERB
fsr-3843	90	9	as	as	ADP
fsr-3843	90	10	the	the	DET
fsr-3843	90	11	cash	cash	NOUN
fsr-3843	90	12	account	account	NOUN
fsr-3843	90	13	because	because	SCONJ
fsr-3843	90	14	it	it	PRON
fsr-3843	90	15	is	be	AUX
fsr-3843	90	16	the	the	DET
fsr-3843	90	17	only	only	ADJ
fsr-3843	90	18	money	money	NOUN
fsr-3843	90	19	market	market	NOUN
fsr-3843	90	20	fund	fund	NOUN
fsr-3843	90	21	available	available	ADJ
fsr-3843	90	22	to	to	ADP
fsr-3843	90	23	eligible	eligible	ADJ
fsr-3843	90	24	participants	participant	NOUN
fsr-3843	90	25	of	of	ADP
fsr-3843	90	26	cref	cref	NOUN
fsr-3843	90	27	.	.	PUNCT
fsr-3843	91	1	the	the	DET
fsr-3843	91	2	stock	stock	NOUN
fsr-3843	91	3	account	account	PROPN
fsr-3843	91	4	,	,	PUNCT
fsr-3843	91	5	cref	cref	PROPN
fsr-3843	91	6	's	's	PART
fsr-3843	91	7	flagship	flagship	NOUN
fsr-3843	91	8	fund	fund	NOUN
fsr-3843	91	9	,	,	PUNCT
fsr-3843	91	10	is	be	AUX
fsr-3843	91	11	selected	select	VERB
fsr-3843	91	12	as	as	ADP
fsr-3843	91	13	the	the	DET
fsr-3843	91	14	market	market	NOUN
fsr-3843	91	15	portfolio	portfolio	NOUN
fsr-3843	91	16	because	because	SCONJ
fsr-3843	91	17	it	it	PRON
fsr-3843	91	18	is	be	AUX
fsr-3843	91	19	the	the	DET
fsr-3843	91	20	most	most	ADV
fsr-3843	91	21	broadly	broadly	ADV
fsr-3843	91	22	diversified	diversify	VERB
fsr-3843	91	23	equity	equity	NOUN
fsr-3843	91	24	account	account	NOUN
fsr-3843	91	25	offered	offer	VERB
fsr-3843	91	26	by	by	ADP
fsr-3843	91	27	cref	cref	NOUN
fsr-3843	91	28	,	,	PUNCT
fsr-3843	91	29	with	with	ADP
fsr-3843	91	30	almost	almost	ADV
fsr-3843	91	31	80	80	NUM
fsr-3843	91	32	percent	percent	NOUN
fsr-3843	91	33	of	of	ADP
fsr-3843	91	34	the	the	DET
fsr-3843	91	35	account	account	NOUN
fsr-3843	91	36	indexed	index	VERB
fsr-3843	91	37	to	to	ADP
fsr-3843	91	38	the	the	DET
fsr-3843	91	39	u.s	u.s	PROPN
fsr-3843	91	40	.	.	PROPN
fsr-3843	91	41	stock	stock	NOUN
fsr-3843	91	42	market	market	NOUN
fsr-3843	91	43	.	.	PUNCT
fsr-3843	92	1	it	it	PRON
fsr-3843	92	2	is	be	AUX
fsr-3843	92	3	the	the	DET
fsr-3843	92	4	best	good	ADJ
fsr-3843	92	5	proxy	proxy	NOUN
fsr-3843	92	6	for	for	ADP
fsr-3843	92	7	the	the	DET
fsr-3843	92	8	market	market	NOUN
fsr-3843	92	9	portfolio	portfolio	NOUN
fsr-3843	92	10	that	that	PRON
fsr-3843	92	11	is	be	AUX
fsr-3843	92	12	available	available	ADJ
fsr-3843	92	13	through	through	ADP
fsr-3843	92	14	cref	cref	NOUN
fsr-3843	92	15	,	,	PUNCT
fsr-3843	92	16	as	as	SCONJ
fsr-3843	92	17	evidenced	evidence	VERB
fsr-3843	92	18	by	by	ADP
fsr-3843	92	19	the	the	DET
fsr-3843	92	20	fact	fact	NOUN
fsr-3843	92	21	that	that	SCONJ
fsr-3843	92	22	the	the	DET
fsr-3843	92	23	correlation	correlation	NOUN
fsr-3843	92	24	of	of	ADP
fsr-3843	92	25	returns	return	NOUN
fsr-3843	92	26	between	between	ADP
fsr-3843	92	27	the	the	DET
fsr-3843	92	28	stock	stock	NOUN
fsr-3843	92	29	account	account	NOUN
fsr-3843	92	30	and	and	CCONJ
fsr-3843	92	31	the	the	DET
fsr-3843	92	32	s&p	s&p	PROPN
fsr-3843	92	33	500	500	NUM
fsr-3843	92	34	index	index	NOUN
fsr-3843	92	35	is	be	AUX
fsr-3843	92	36	0.972	0.972	NUM
fsr-3843	92	37	during	during	ADP
fsr-3843	92	38	the	the	DET
fsr-3843	92	39	study	study	NOUN
fsr-3843	92	40	.	.	PUNCT
fsr-3843	93	1	the	the	DET
fsr-3843	93	2	switching	switch	VERB
fsr-3843	93	3	strategy	strategy	NOUN
fsr-3843	93	4	is	be	AUX
fsr-3843	93	5	similar	similar	ADJ
fsr-3843	93	6	to	to	ADP
fsr-3843	93	7	the	the	DET
fsr-3843	93	8	one	one	NOUN
fsr-3843	93	9	explored	explore	VERB
fsr-3843	93	10	by	by	ADP
fsr-3843	93	11	henzel	henzel	NOUN
fsr-3843	93	12	and	and	CCONJ
fsr-3843	93	13	ziemba	ziemba	PROPN
fsr-3843	93	14	(	(	PUNCT
fsr-3843	93	15	1996	1996	NUM
fsr-3843	93	16	)	)	PUNCT
fsr-3843	93	17	.	.	PUNCT
fsr-3843	94	1	funds	fund	NOUN
fsr-3843	94	2	are	be	AUX
fsr-3843	94	3	moved	move	VERB
fsr-3843	94	4	from	from	ADP
fsr-3843	94	5	the	the	DET
fsr-3843	94	6	money	money	NOUN
fsr-3843	94	7	market	market	NOUN
fsr-3843	94	8	account	account	NOUN
fsr-3843	94	9	to	to	ADP
fsr-3843	94	10	the	the	DET
fsr-3843	94	11	stock	stock	NOUN
fsr-3843	94	12	account	account	NOUN
fsr-3843	94	13	at	at	ADP
fsr-3843	94	14	the	the	DET
fsr-3843	94	15	beginning	beginning	NOUN
fsr-3843	94	16	of	of	ADP
fsr-3843	94	17	the	the	DET
fsr-3843	94	18	turn	turn	NOUN
fsr-3843	94	19	-	-	PUNCT
fsr-3843	94	20	of	of	ADP
fsr-3843	94	21	-	-	PUNCT
fsr-3843	94	22	the	the	DET
fsr-3843	94	23	-	-	PUNCT
fsr-3843	94	24	month	month	NOUN
fsr-3843	94	25	period	period	NOUN
fsr-3843	94	26	(	(	PUNCT
fsr-3843	94	27	hereafter	hereafter	ADV
fsr-3843	94	28	,	,	PUNCT
fsr-3843	94	29	simply	simply	ADV
fsr-3843	94	30	tom	tom	PROPN
fsr-3843	94	31	)	)	PUNCT
fsr-3843	94	32	,	,	PUNCT
fsr-3843	94	33	and	and	CCONJ
fsr-3843	94	34	then	then	ADV
fsr-3843	94	35	switched	switch	VERB
fsr-3843	94	36	back	back	ADV
fsr-3843	94	37	to	to	ADP
fsr-3843	94	38	the	the	DET
fsr-3843	94	39	money	money	NOUN
fsr-3843	94	40	market	market	NOUN
fsr-3843	94	41	account	account	NOUN
fsr-3843	94	42	on	on	ADP
fsr-3843	94	43	the	the	DET
fsr-3843	94	44	last	last	ADJ
fsr-3843	94	45	day	day	NOUN
fsr-3843	94	46	of	of	ADP
fsr-3843	94	47	the	the	DET
fsr-3843	94	48	tom	tom	PROPN
fsr-3843	94	49	period	period	NOUN
fsr-3843	94	50	.	.	PUNCT
fsr-3843	95	1	all	all	DET
fsr-3843	95	2	transfers	transfer	NOUN
fsr-3843	95	3	between	between	ADP
fsr-3843	95	4	accounts	account	NOUN
fsr-3843	95	5	are	be	AUX
fsr-3843	95	6	executed	execute	VERB
fsr-3843	95	7	by	by	ADP
fsr-3843	95	8	cref	cref	NOUN
fsr-3843	95	9	at	at	ADP
fsr-3843	95	10	the	the	DET
fsr-3843	95	11	accumulated	accumulate	VERB
fsr-3843	95	12	unit	unit	NOUN
fsr-3843	95	13	values	value	NOUN
fsr-3843	95	14	at	at	ADP
fsr-3843	95	15	the	the	DET
fsr-3843	95	16	close	close	NOUN
fsr-3843	95	17	of	of	ADP
fsr-3843	95	18	that	that	DET
fsr-3843	95	19	business	business	NOUN
fsr-3843	95	20	day	day	NOUN
fsr-3843	95	21	.	.	PUNCT
fsr-3843	96	1	par	par	PROPN
fsr-3843	96	2	ticipants	ticipant	NOUN
fsr-3843	96	3	in	in	ADP
fsr-3843	96	4	cref	cref	NOUN
fsr-3843	96	5	can	can	AUX
fsr-3843	96	6	place	place	VERB
fsr-3843	96	7	an	an	DET
fsr-3843	96	8	order	order	NOUN
fsr-3843	96	9	to	to	PART
fsr-3843	96	10	transfer	transfer	VERB
fsr-3843	96	11	funds	fund	NOUN
fsr-3843	96	12	from	from	ADP
fsr-3843	96	13	any	any	DET
fsr-3843	96	14	account	account	NOUN
fsr-3843	96	15	,	,	PUNCT
fsr-3843	96	16	24	24	NUM
fsr-3843	96	17	hours	hour	NOUN
fsr-3843	96	18	a	a	DET
fsr-3843	96	19	day	day	NOUN
fsr-3843	96	20	,	,	PUNCT
fsr-3843	96	21	seven	seven	NUM
fsr-3843	96	22	days	day	NOUN
fsr-3843	96	23	a	a	DET
fsr-3843	96	24	week	week	NOUN
fsr-3843	96	25	,	,	PUNCT
fsr-3843	96	26	using	use	VERB
fsr-3843	96	27	cref	cref	NOUN
fsr-3843	96	28	's	's	PART
fsr-3843	96	29	automated	automate	VERB
fsr-3843	96	30	telephone	telephone	NOUN
fsr-3843	96	31	service	service	NOUN
fsr-3843	96	32	or	or	CCONJ
fsr-3843	96	33	the	the	DET
fsr-3843	96	34	internet	internet	NOUN
fsr-3843	96	35	advanced	advanced	ADJ
fsr-3843	96	36	communication	communication	NOUN
fsr-3843	96	37	and	and	CCONJ
fsr-3843	96	38	transaction	transaction	NOUN
fsr-3843	96	39	system	system	NOUN
fsr-3843	96	40	.	.	PUNCT
fsr-3843	97	1	there	there	PRON
fsr-3843	97	2	are	be	VERB
fsr-3843	97	3	no	no	DET
fsr-3843	97	4	restrictions	restriction	NOUN
fsr-3843	97	5	on	on	ADP
fsr-3843	97	6	transfers	transfer	NOUN
fsr-3843	97	7	between	between	ADP
fsr-3843	97	8	accounts	account	NOUN
fsr-3843	97	9	and	and	CCONJ
fsr-3843	97	10	no	no	DET
fsr-3843	97	11	transaction	transaction	NOUN
fsr-3843	97	12	fees	fee	NOUN
fsr-3843	97	13	for	for	ADP
fsr-3843	97	14	the	the	DET
fsr-3843	97	15	transfer	transfer	NOUN
fsr-3843	97	16	.	.	PUNCT
fsr-3843	98	1	finally	finally	ADV
fsr-3843	98	2	,	,	PUNCT
fsr-3843	98	3	since	since	SCONJ
fsr-3843	98	4	these	these	DET
fsr-3843	98	5	accounts	account	NOUN
fsr-3843	98	6	are	be	AUX
fsr-3843	98	7	part	part	NOUN
fsr-3843	98	8	of	of	ADP
fsr-3843	98	9	a	a	DET
fsr-3843	98	10	qualified	qualified	ADJ
fsr-3843	98	11	retirement	retirement	NOUN
fsr-3843	98	12	plan	plan	NOUN
fsr-3843	98	13	,	,	PUNCT
fsr-3843	98	14	no	no	DET
fsr-3843	98	15	tax	tax	NOUN
fsr-3843	98	16	liabilities	liability	NOUN
fsr-3843	98	17	are	be	AUX
fsr-3843	98	18	triggered	trigger	VERB
fsr-3843	98	19	.	.	PUNCT
fsr-3843	99	1	although	although	SCONJ
fsr-3843	99	2	the	the	DET
fsr-3843	99	3	study	study	NOUN
fsr-3843	99	4	is	be	AUX
fsr-3843	99	5	implemented	implement	VERB
fsr-3843	99	6	using	use	VERB
fsr-3843	99	7	cref	cref	NOUN
fsr-3843	99	8	data	datum	NOUN
fsr-3843	99	9	,	,	PUNCT
fsr-3843	99	10	it	it	PRON
fsr-3843	99	11	has	have	VERB
fsr-3843	99	12	implications	implication	NOUN
fsr-3843	99	13	for	for	ADP
fsr-3843	99	14	invest	invest	VERB
fsr-3843	99	15	ments	ment	NOUN
fsr-3843	99	16	in	in	ADP
fsr-3843	99	17	variable	variable	ADJ
fsr-3843	99	18	annuities	annuity	NOUN
fsr-3843	99	19	and	and	CCONJ
fsr-3843	99	20	in	in	ADP
fsr-3843	99	21	other	other	ADJ
fsr-3843	99	22	tax	tax	NOUN
fsr-3843	99	23	-	-	PUNCT
fsr-3843	99	24	deferred	defer	VERB
fsr-3843	99	25	retirement	retirement	NOUN
fsr-3843	99	26	plans	plan	NOUN
fsr-3843	99	27	,	,	PUNCT
fsr-3843	99	28	such	such	ADJ
fsr-3843	99	29	as	as	ADP
fsr-3843	99	30	iras	ira	NOUN
fsr-3843	99	31	,	,	PUNCT
fsr-3843	99	32	401	401	NUM
fsr-3843	99	33	(	(	PUNCT
fsr-3843	99	34	k)s	k)s	NOUN
fsr-3843	99	35	,	,	PUNCT
fsr-3843	99	36	403(b)s	403(b)s	PROPN
fsr-3843	99	37	,	,	PUNCT
fsr-3843	99	38	which	which	PRON
fsr-3843	99	39	allow	allow	VERB
fsr-3843	99	40	frequent	frequent	ADJ
fsr-3843	99	41	trading	trading	NOUN
fsr-3843	99	42	.	.	PUNCT
fsr-3843	100	1	a	a	DET
fsr-3843	100	2	recent	recent	ADJ
fsr-3843	100	3	article	article	NOUN
fsr-3843	100	4	in	in	ADP
fsr-3843	100	5	a	a	DET
fsr-3843	100	6	leading	lead	VERB
fsr-3843	100	7	financial	financial	ADJ
fsr-3843	100	8	news	news	NOUN
fsr-3843	100	9	magazine	magazine	NOUN
fsr-3843	100	10	states	state	VERB
fsr-3843	100	11	that	that	SCONJ
fsr-3843	100	12	"	"	PUNCT
fsr-3843	100	13	...	...	PUNCT
fsr-3843	100	14	with	with	ADP
fsr-3843	100	15	no	no	DET
fsr-3843	100	16	tax	tax	NOUN
fsr-3843	100	17	consequences	consequence	NOUN
fsr-3843	100	18	and	and	CCONJ
fsr-3843	100	19	little	little	ADJ
fsr-3843	100	20	or	or	CCONJ
fsr-3843	100	21	no	no	PRON
fsr-3843	100	22	transaction	transaction	NOUN
fsr-3843	100	23	costs	cost	NOUN
fsr-3843	100	24	,	,	PUNCT
fsr-3843	100	25	the	the	DET
fsr-3843	100	26	401(k	401(k	PROPN
fsr-3843	100	27	)	)	PUNCT
fsr-3843	100	28	offers	offer	VERB
fsr-3843	100	29	the	the	DET
fsr-3843	100	30	best	good	ADJ
fsr-3843	100	31	possible	possible	ADJ
fsr-3843	100	32	environment	environment	NOUN
fsr-3843	100	33	for	for	ADP
fsr-3843	100	34	rapid	rapid	ADJ
fsr-3843	100	35	-	-	PUNCT
fsr-3843	100	36	trading	trading	NOUN
fsr-3843	100	37	,	,	PUNCT
fsr-3843	100	38	market	market	NOUN
fsr-3843	100	39	-	-	PUNCT
fsr-3843	100	40	timing	timing	NOUN
fsr-3843	100	41	tactics	tactic	NOUN
fsr-3843	100	42	"	"	PUNCT
fsr-3843	100	43	(	(	PUNCT
fsr-3843	100	44	wil	wil	X
fsr-3843	100	45	cox	cox	PROPN
fsr-3843	100	46	,	,	PUNCT
fsr-3843	100	47	p.	p.	NOUN
fsr-3843	100	48	53	53	NUM
fsr-3843	100	49	)	)	PUNCT
fsr-3843	100	50	.	.	PUNCT
fsr-3843	101	1	since	since	SCONJ
fsr-3843	101	2	most	most	ADJ
fsr-3843	101	3	retirement	retirement	NOUN
fsr-3843	101	4	plans	plan	NOUN
fsr-3843	101	5	,	,	PUNCT
fsr-3843	101	6	such	such	ADJ
fsr-3843	101	7	as	as	ADP
fsr-3843	101	8	401(k)s	401(k)s	PROPN
fsr-3843	101	9	and	and	CCONJ
fsr-3843	101	10	403(b)s	403(b)s	PROPN
fsr-3843	101	11	,	,	PUNCT
fsr-3843	101	12	offer	offer	VERB
fsr-3843	101	13	a	a	DET
fsr-3843	101	14	stock	stock	NOUN
fsr-3843	101	15	account	account	NOUN
fsr-3843	101	16	and	and	CCONJ
fsr-3843	101	17	money	money	NOUN
fsr-3843	101	18	market	market	NOUN
fsr-3843	101	19	account	account	NOUN
fsr-3843	101	20	,	,	PUNCT
fsr-3843	101	21	individual	individual	ADJ
fsr-3843	101	22	investors	investor	NOUN
fsr-3843	101	23	would	would	AUX
fsr-3843	101	24	have	have	VERB
fsr-3843	101	25	a	a	DET
fsr-3843	101	26	practical	practical	ADJ
fsr-3843	101	27	,	,	PUNCT
fsr-3843	101	28	operational	operational	ADJ
fsr-3843	101	29	way	way	NOUN
fsr-3843	101	30	to	to	PART
fsr-3843	101	31	exploit	exploit	VERB
fsr-3843	101	32	the	the	DET
fsr-3843	101	33	tom	tom	PROPN
fsr-3843	101	34	effect	effect	NOUN
fsr-3843	101	35	in	in	ADP
fsr-3843	101	36	a	a	DET
fsr-3843	101	37	tax	tax	NOUN
fsr-3843	101	38	-	-	PUNCT
fsr-3843	101	39	deferred	defer	VERB
fsr-3843	101	40	,	,	PUNCT
fsr-3843	101	41	no	no	DET
fsr-3843	101	42	cost	cost	NOUN
fsr-3843	101	43	,	,	PUNCT
fsr-3843	101	44	unlimited	unlimited	ADJ
fsr-3843	101	45	switching	switch	VERB
fsr-3843	101	46	setting	setting	NOUN
fsr-3843	101	47	.	.	PUNCT
fsr-3843	102	1	16	16	NUM
fsr-3843	102	2	f	f	PROPN
fsr-3843	102	3	inancial	inancial	ADJ
fsr-3843	102	4	services	service	NOUN
fsr-3843	102	5	review	review	VERB
fsr-3843	102	6	7(1	7(1	NUM
fsr-3843	102	7	)	)	PUNCT
fsr-3843	102	8	1998	1998	NUM
fsr-3843	102	9	in	in	ADP
fsr-3843	102	10	the	the	DET
fsr-3843	102	11	next	next	ADJ
fsr-3843	102	12	section	section	NOUN
fsr-3843	102	13	we	we	PRON
fsr-3843	102	14	examine	examine	VERB
fsr-3843	102	15	the	the	DET
fsr-3843	102	16	daily	daily	ADJ
fsr-3843	102	17	returns	return	NOUN
fsr-3843	102	18	of	of	ADP
fsr-3843	102	19	the	the	DET
fsr-3843	102	20	djia	djia	PROPN
fsr-3843	102	21	,	,	PUNCT
fsr-3843	102	22	s&p	s&p	PROPN
fsr-3843	102	23	500	500	NUM
fsr-3843	102	24	,	,	PUNCT
fsr-3843	102	25	and	and	CCONJ
fsr-3843	102	26	the	the	DET
fsr-3843	102	27	stock	stock	NOUN
fsr-3843	102	28	account	account	NOUN
fsr-3843	102	29	over	over	ADP
fsr-3843	102	30	the	the	DET
fsr-3843	102	31	period	period	NOUN
fsr-3843	102	32	from	from	ADP
fsr-3843	102	33	april	april	PROPN
fsr-3843	102	34	,	,	PUNCT
fsr-3843	102	35	1988	1988	NUM
fsr-3843	102	36	through	through	ADP
fsr-3843	102	37	december	december	PROPN
fsr-3843	102	38	,	,	PUNCT
fsr-3843	102	39	1997	1997	NUM
fsr-3843	102	40	.	.	PUNCT
fsr-3843	103	1	we	we	PRON
fsr-3843	103	2	demonstrate	demonstrate	VERB
fsr-3843	103	3	that	that	SCONJ
fsr-3843	103	4	the	the	DET
fsr-3843	103	5	tom	tom	PROPN
fsr-3843	103	6	calendar	calendar	PROPN
fsr-3843	103	7	anomaly	anomaly	NOUN
fsr-3843	103	8	exists	exist	VERB
fsr-3843	103	9	in	in	ADP
fsr-3843	103	10	the	the	DET
fsr-3843	103	11	stock	stock	NOUN
fsr-3843	103	12	account	account	NOUN
fsr-3843	103	13	and	and	CCONJ
fsr-3843	103	14	continues	continue	VERB
fsr-3843	103	15	to	to	PART
fsr-3843	103	16	be	be	AUX
fsr-3843	103	17	present	present	ADJ
fsr-3843	103	18	in	in	ADP
fsr-3843	103	19	the	the	DET
fsr-3843	103	20	two	two	NUM
fsr-3843	103	21	broad	broad	ADJ
fsr-3843	103	22	market	market	NOUN
fsr-3843	103	23	indices	index	NOUN
fsr-3843	103	24	.	.	PUNCT
fsr-3843	104	1	we	we	PRON
fsr-3843	104	2	then	then	ADV
fsr-3843	104	3	proceed	proceed	VERB
fsr-3843	104	4	to	to	PART
fsr-3843	104	5	test	test	VERB
fsr-3843	104	6	the	the	DET
fsr-3843	104	7	switching	switch	VERB
fsr-3843	104	8	strategy	strategy	NOUN
fsr-3843	104	9	in	in	ADP
fsr-3843	104	10	section	section	NOUN
fsr-3843	104	11	v.	v.	ADP
fsr-3843	104	12	iv	iv	PROPN
fsr-3843	104	13	.	.	PUNCT
fsr-3843	104	14	initial	initial	ADJ
fsr-3843	104	15	evidence	evidence	NOUN
fsr-3843	104	16	initial	initial	ADJ
fsr-3843	104	17	examination	examination	NOUN
fsr-3843	104	18	of	of	ADP
fsr-3843	104	19	the	the	DET
fsr-3843	104	20	data	datum	NOUN
fsr-3843	104	21	indicates	indicate	VERB
fsr-3843	104	22	the	the	DET
fsr-3843	104	23	tom	tom	PROPN
fsr-3843	104	24	pattern	pattern	NOUN
fsr-3843	104	25	exists	exist	VERB
fsr-3843	104	26	in	in	ADP
fsr-3843	104	27	the	the	DET
fsr-3843	104	28	stock	stock	NOUN
fsr-3843	104	29	account	account	NOUN
fsr-3843	104	30	,	,	PUNCT
fsr-3843	104	31	which	which	PRON
fsr-3843	104	32	is	be	AUX
fsr-3843	104	33	our	our	PRON
fsr-3843	104	34	proxy	proxy	NOUN
fsr-3843	104	35	for	for	ADP
fsr-3843	104	36	the	the	DET
fsr-3843	104	37	market	market	NOUN
fsr-3843	104	38	portfolio	portfolio	NOUN
fsr-3843	104	39	,	,	PUNCT
fsr-3843	104	40	and	and	CCONJ
fsr-3843	104	41	continues	continue	VERB
fsr-3843	104	42	to	to	PART
fsr-3843	104	43	exist	exist	VERB
fsr-3843	104	44	in	in	ADP
fsr-3843	104	45	the	the	DET
fsr-3843	104	46	djia	djia	PROPN
fsr-3843	104	47	and	and	CCONJ
fsr-3843	104	48	the	the	DET
fsr-3843	104	49	s&p	s&p	PROPN
fsr-3843	104	50	500	500	NUM
fsr-3843	104	51	index	index	NOUN
fsr-3843	104	52	.	.	PUNCT
fsr-3843	105	1	table	table	NOUN
fsr-3843	105	2	1	1	NUM
fsr-3843	105	3	shows	show	VERB
fsr-3843	105	4	average	average	ADJ
fsr-3843	105	5	daily	daily	ADJ
fsr-3843	105	6	returns	return	NOUN
fsr-3843	105	7	and	and	CCONJ
fsr-3843	105	8	t	t	PROPN
fsr-3843	105	9	-	-	PUNCT
fsr-3843	105	10	statistics	statistic	NOUN
fsr-3843	105	11	for	for	ADP
fsr-3843	105	12	the	the	DET
fsr-3843	105	13	eighteen	eighteen	NUM
fsr-3843	105	14	days	day	NOUN
fsr-3843	105	15	around	around	ADP
fsr-3843	105	16	the	the	DET
fsr-3843	105	17	turn	turn	NOUN
fsr-3843	105	18	-	-	PUNCT
fsr-3843	105	19	of	of	ADP
fsr-3843	105	20	-	-	PUNCT
fsr-3843	105	21	the	the	DET
fsr-3843	105	22	-	-	PUNCT
fsr-3843	105	23	month	month	NOUN
fsr-3843	105	24	for	for	ADP
fsr-3843	105	25	the	the	DET
fsr-3843	105	26	stock	stock	NOUN
fsr-3843	105	27	account	account	NOUN
fsr-3843	105	28	and	and	CCONJ
fsr-3843	105	29	for	for	ADP
fsr-3843	105	30	the	the	DET
fsr-3843	105	31	two	two	NUM
fsr-3843	105	32	indices	index	NOUN
fsr-3843	105	33	.	.	PUNCT
fsr-3843	106	1	in	in	ADP
fsr-3843	106	2	the	the	DET
fsr-3843	106	3	table	table	NOUN
fsr-3843	106	4	,	,	PUNCT
fsr-3843	106	5	trading	trading	NOUN
fsr-3843	106	6	day	day	NOUN
fsr-3843	106	7	1	1	NUM
fsr-3843	106	8	is	be	AUX
fsr-3843	106	9	the	the	DET
fsr-3843	106	10	first	first	ADJ
fsr-3843	106	11	trading	trading	NOUN
fsr-3843	106	12	day	day	NOUN
fsr-3843	106	13	of	of	ADP
fsr-3843	106	14	the	the	DET
fsr-3843	106	15	month	month	NOUN
fsr-3843	106	16	,	,	PUNCT
fsr-3843	106	17	trading	trading	NOUN
fsr-3843	106	18	day	day	NOUN
fsr-3843	106	19	-1	-1	PUNCT
fsr-3843	106	20	is	be	AUX
fsr-3843	106	21	the	the	DET
fsr-3843	106	22	trading	trading	NOUN
fsr-3843	106	23	day	day	NOUN
fsr-3843	106	24	just	just	ADV
fsr-3843	106	25	prior	prior	ADV
fsr-3843	106	26	to	to	ADP
fsr-3843	106	27	the	the	DET
fsr-3843	106	28	first	first	ADJ
fsr-3843	106	29	trading	trading	NOUN
fsr-3843	106	30	day	day	NOUN
fsr-3843	106	31	of	of	ADP
fsr-3843	106	32	the	the	DET
fsr-3843	106	33	month	month	NOUN
fsr-3843	106	34	,	,	PUNCT
fsr-3843	106	35	etc	etc	X
fsr-3843	106	36	.	.	X
fsr-3843	107	1	the	the	DET
fsr-3843	107	2	results	result	NOUN
fsr-3843	107	3	in	in	ADP
fsr-3843	107	4	table	table	NOUN
fsr-3843	107	5	1	1	NUM
fsr-3843	107	6	show	show	VERB
fsr-3843	107	7	a	a	DET
fsr-3843	107	8	strong	strong	ADJ
fsr-3843	107	9	tom	tom	PROPN
fsr-3843	107	10	effect	effect	NOUN
fsr-3843	107	11	in	in	ADP
fsr-3843	107	12	the	the	DET
fsr-3843	107	13	stock	stock	NOUN
fsr-3843	107	14	account	account	NOUN
fsr-3843	107	15	,	,	PUNCT
fsr-3843	107	16	significant	significant	ADJ
fsr-3843	107	17	at	at	ADP
fsr-3843	107	18	the	the	DET
fsr-3843	107	19	10	10	NUM
fsr-3843	107	20	percent	percent	NOUN
fsr-3843	107	21	level	level	NOUN
fsr-3843	107	22	at	at	ADP
fsr-3843	107	23	least	least	ADJ
fsr-3843	107	24	,	,	PUNCT
fsr-3843	107	25	extending	extend	VERB
fsr-3843	107	26	over	over	ADP
fsr-3843	107	27	a	a	DET
fsr-3843	107	28	six	six	NUM
fsr-3843	107	29	trading	trading	NOUN
fsr-3843	107	30	day	day	NOUN
fsr-3843	107	31	period	period	NOUN
fsr-3843	107	32	between	between	ADP
fsr-3843	107	33	trading	trading	NOUN
fsr-3843	107	34	days	day	NOUN
fsr-3843	107	35	--4	--4	ADJ
fsr-3843	107	36	and	and	CCONJ
fsr-3843	107	37	+2	+2	PROPN
fsr-3843	107	38	.	.	PUNCT
fsr-3843	108	1	no	no	DET
fsr-3843	108	2	other	other	ADJ
fsr-3843	108	3	trading	trading	NOUN
fsr-3843	108	4	day	day	NOUN
fsr-3843	108	5	in	in	ADP
fsr-3843	108	6	the	the	DET
fsr-3843	108	7	month	month	NOUN
fsr-3843	108	8	shows	show	VERB
fsr-3843	108	9	a	a	DET
fsr-3843	108	10	return	return	NOUN
fsr-3843	108	11	that	that	PRON
fsr-3843	108	12	is	be	AUX
fsr-3843	108	13	significantly	significantly	ADV
fsr-3843	108	14	greater	great	ADJ
fsr-3843	108	15	than	than	ADP
fsr-3843	108	16	zero	zero	NUM
fsr-3843	108	17	at	at	ADP
fsr-3843	108	18	even	even	ADV
fsr-3843	108	19	a	a	DET
fsr-3843	108	20	10	10	NUM
fsr-3843	108	21	percent	percent	NOUN
fsr-3843	108	22	level	level	NOUN
fsr-3843	108	23	.	.	PUNCT
fsr-3843	109	1	the	the	DET
fsr-3843	109	2	average	average	ADJ
fsr-3843	109	3	daily	daily	ADJ
fsr-3843	109	4	return	return	NOUN
fsr-3843	109	5	achieved	achieve	VERB
fsr-3843	109	6	during	during	ADP
fsr-3843	109	7	the	the	DET
fsr-3843	109	8	six	six	NUM
fsr-3843	109	9	critical	critical	ADJ
fsr-3843	109	10	days	day	NOUN
fsr-3843	109	11	in	in	ADP
fsr-3843	109	12	the	the	DET
fsr-3843	109	13	stock	stock	NOUN
fsr-3843	109	14	account	account	NOUN
fsr-3843	109	15	represent	represent	VERB
fsr-3843	109	16	an	an	DET
fsr-3843	109	17	annualized	annualize	VERB
fsr-3843	109	18	table	table	NOUN
fsr-3843	109	19	1	1	NUM
fsr-3843	109	20	average	average	ADJ
fsr-3843	109	21	daily	daily	ADJ
fsr-3843	109	22	returns	return	NOUN
fsr-3843	109	23	(	(	PUNCT
fsr-3843	109	24	%	%	INTJ
fsr-3843	109	25	)	)	PUNCT
fsr-3843	109	26	and	and	CCONJ
fsr-3843	109	27	t	t	NOUN
fsr-3843	109	28	-	-	PUNCT
fsr-3843	109	29	values	value	NOUN
fsr-3843	109	30	during	during	ADP
fsr-3843	109	31	the	the	DET
fsr-3843	109	32	turn	turn	NOUN
fsr-3843	109	33	-	-	PUNCT
fsr-3843	109	34	of	of	ADP
fsr-3843	109	35	-	-	PUNCT
fsr-3843	109	36	the	the	DET
fsr-3843	109	37	-	-	PUNCT
fsr-3843	109	38	month	month	NOUN
fsr-3843	109	39	period	period	NOUN
fsr-3843	109	40	for	for	ADP
fsr-3843	109	41	the	the	DET
fsr-3843	109	42	djia	djia	PROPN
fsr-3843	109	43	,	,	PUNCT
fsr-3843	109	44	s&p	s&p	PROPN
fsr-3843	109	45	500	500	NUM
fsr-3843	109	46	,	,	PUNCT
fsr-3843	109	47	and	and	CCONJ
fsr-3843	109	48	cref	cref	NOUN
fsr-3843	109	49	stock	stock	NOUN
fsr-3843	109	50	account	account	NOUN
fsr-3843	109	51	(	(	PUNCT
fsr-3843	109	52	april	april	PROPN
fsr-3843	109	53	1988	1988	NUM
fsr-3843	109	54	to	to	ADP
fsr-3843	109	55	december	december	PROPN
fsr-3843	109	56	1997	1997	NUM
fsr-3843	109	57	)	)	PUNCT
fsr-3843	110	1	djia	djia	PROPN
fsr-3843	110	2	s&p	s&p	PROPN
fsr-3843	110	3	500	500	NUM
fsr-3843	110	4	cref	cref	NOUN
fsr-3843	110	5	-	-	PUNCT
fsr-3843	110	6	stock	stock	NOUN
fsr-3843	110	7	average	average	ADJ
fsr-3843	110	8	average	average	ADJ
fsr-3843	110	9	average	average	ADJ
fsr-3843	110	10	trading	trading	NOUN
fsr-3843	110	11	day	day	NOUN
fsr-3843	110	12	return	return	NOUN
fsr-3843	110	13	(	(	PUNCT
fsr-3843	110	14	%	%	INTJ
fsr-3843	110	15	)	)	PUNCT
fsr-3843	110	16	t	t	NOUN
fsr-3843	110	17	-	-	PUNCT
fsr-3843	110	18	value	value	NOUN
fsr-3843	110	19	return	return	NOUN
fsr-3843	110	20	(	(	PUNCT
fsr-3843	110	21	%	%	INTJ
fsr-3843	110	22	)	)	PUNCT
fsr-3843	110	23	t	t	NOUN
fsr-3843	110	24	-	-	PUNCT
fsr-3843	110	25	value	value	NOUN
fsr-3843	110	26	return	return	NOUN
fsr-3843	110	27	(	(	PUNCT
fsr-3843	110	28	%	%	INTJ
fsr-3843	110	29	)	)	PUNCT
fsr-3843	110	30	t	t	NOUN
fsr-3843	110	31	-	-	PUNCT
fsr-3843	110	32	value	value	NOUN
fsr-3843	110	33	-9	-9	PROPN
fsr-3843	110	34	-0.0366	-0.0366	NOUN
fsr-3843	110	35	-0.43	-0.43	PROPN
fsr-3843	110	36	-0.0568	-0.0568	NOUN
fsr-3843	110	37	-0.73	-0.73	ADP
fsr-3843	110	38	-0.0662	-0.0662	NOUN
fsr-3843	110	39	-0.95	-0.95	NUM
fsr-3843	110	40	-8	-8	NOUN
fsr-3843	110	41	-0.0637	-0.0637	ADV
fsr-3843	111	1	-0.84	-0.84	PRON
fsr-3843	111	2	-0.0244	-0.0244	PROPN
fsr-3843	112	1	-0.33	-0.33	PROPN
fsr-3843	112	2	-0.0369	-0.0369	PROPN
fsr-3843	112	3	-0.57	-0.57	PROPN
fsr-3843	113	1	-7	-7	INTJ
fsr-3843	113	2	-0.1027	-0.1027	VERB
fsr-3843	113	3	1.34	1.34	NUM
fsr-3843	113	4	-0.0905	-0.0905	VERB
fsr-3843	113	5	1.32	1.32	NUM
fsr-3843	113	6	-0.0941	-0.0941	NOUN
fsr-3843	113	7	1.61	1.61	NUM
fsr-3843	113	8	-6	-6	NUM
fsr-3843	113	9	0.0482	0.0482	NUM
fsr-3843	113	10	0.59	0.59	NUM
fsr-3843	113	11	0.0341	0.0341	NUM
fsr-3843	113	12	0.46	0.46	NUM
fsr-3843	113	13	0.0315	0.0315	NUM
fsr-3843	113	14	0.51	0.51	NUM
fsr-3843	113	15	-5	-5	NUM
fsr-3843	113	16	0.0360	0.0360	NUM
fsr-3843	113	17	0.38	0.38	NUM
fsr-3843	113	18	0.0101	0.0101	NUM
fsr-3843	113	19	0.11	0.11	NUM
fsr-3843	113	20	0.0147	0.0147	NUM
fsr-3843	113	21	0.19	0.19	NUM
fsr-3843	113	22	--4	--4	NOUN
fsr-3843	113	23	0.1368	0.1368	NUM
fsr-3843	113	24	1.64	1.64	NUM
fsr-3843	113	25	0.0963	0.0963	NUM
fsr-3843	113	26	1.28	1.28	NUM
fsr-3843	113	27	0.1121	0.1121	NUM
fsr-3843	113	28	"	"	PUNCT
fsr-3843	113	29	1.92	1.92	NUM
fsr-3843	113	30	-3	-3	PUNCT
fsr-3843	113	31	0.0750	0.0750	NUM
fsr-3843	113	32	1	1	NUM
fsr-3843	113	33	.	.	SYM
fsr-3843	113	34	1	1	NUM
fsr-3843	113	35	2	2	NUM
fsr-3843	113	36	0.1383	0.1383	NUM
fsr-3843	113	37	"	"	PUNCT
fsr-3843	113	38	*	*	NOUN
fsr-3843	113	39	2.13	2.13	NUM
fsr-3843	113	40	0.1268	0.1268	NUM
fsr-3843	113	41	*	*	PUNCT
fsr-3843	113	42	*	*	PROPN
fsr-3843	113	43	2.34	2.34	NUM
fsr-3843	113	44	-2	-2	NUM
fsr-3843	113	45	0.1203	0.1203	NUM
fsr-3843	113	46	1.62	1.62	NUM
fsr-3843	113	47	0,1290	0,1290	NUM
fsr-3843	113	48	*	*	NOUN
fsr-3843	113	49	1.72	1.72	NUM
fsr-3843	113	50	0.1479	0.1479	NUM
fsr-3843	113	51	*	*	PUNCT
fsr-3843	113	52	*	*	PUNCT
fsr-3843	113	53	2.33	2.33	NUM
fsr-3843	113	54	i	i	NOUN
fsr-3843	113	55	0.0981	0.0981	NUM
fsr-3843	113	56	1	1	NUM
fsr-3843	113	57	.	.	PUNCT
fsr-3843	114	1	4	4	NUM
fsr-3843	114	2	0	0	NUM
fsr-3843	114	3	0.1733	0.1733	NUM
fsr-3843	114	4	*	*	PUNCT
fsr-3843	114	5	*	*	NOUN
fsr-3843	114	6	2	2	NUM
fsr-3843	114	7	.	.	NOUN
fsr-3843	114	8	5	5	NUM
fsr-3843	114	9	1	1	NUM
fsr-3843	114	10	0.2414	0.2414	NUM
fsr-3843	114	11	*	*	PUNCT
fsr-3843	114	12	*	*	PUNCT
fsr-3843	114	13	*	*	PUNCT
fsr-3843	114	14	4.44	4.44	NUM
fsr-3843	114	15	1	1	NUM
fsr-3843	114	16	0.2398	0.2398	NUM
fsr-3843	114	17	*	*	PUNCT
fsr-3843	114	18	*	*	PUNCT
fsr-3843	114	19	3.14	3.14	NUM
fsr-3843	114	20	0.2209	0.2209	NUM
fsr-3843	114	21	*	*	PUNCT
fsr-3843	114	22	*	*	PUNCT
fsr-3843	114	23	2.96	2.96	NUM
fsr-3843	114	24	0.1817	0.1817	NUM
fsr-3843	114	25	*	*	PUNCT
fsr-3843	114	26	*	*	PUNCT
fsr-3843	114	27	2.93	2.93	NUM
fsr-3843	114	28	2	2	NUM
fsr-3843	114	29	0.2426	0.2426	NUM
fsr-3843	114	30	*	*	PUNCT
fsr-3843	114	31	*	*	PUNCT
fsr-3843	114	32	3.18	3.18	NUM
fsr-3843	114	33	0.1998	0.1998	NUM
fsr-3843	114	34	"	"	PUNCT
fsr-3843	114	35	*	*	NUM
fsr-3843	114	36	2.64	2.64	NUM
fsr-3843	114	37	0.2315	0.2315	NUM
fsr-3843	114	38	'	'	NOUN
fsr-3843	114	39	*	*	PUNCT
fsr-3843	114	40	*	*	NOUN
fsr-3843	114	41	3.64	3.64	NUM
fsr-3843	114	42	3	3	NUM
fsr-3843	114	43	0.0198	0.0198	NUM
fsr-3843	114	44	0.28	0.28	NUM
fsr-3843	114	45	0.0280	0.0280	NUM
fsr-3843	114	46	0.41	0.41	NUM
fsr-3843	114	47	0.0686	0.0686	NUM
fsr-3843	114	48	1.16	1.16	NUM
fsr-3843	114	49	4	4	NUM
fsr-3843	114	50	-0.0313	-0.0313	PUNCT
fsr-3843	114	51	-0.44	-0.44	NUM
fsr-3843	114	52	-0.0533	-0.0533	PROPN
fsr-3843	114	53	-0.77	-0.77	NUM
fsr-3843	114	54	-0.0178	-0.0178	NOUN
fsr-3843	114	55	-0.29	-0.29	ADJ
fsr-3843	114	56	5	5	NUM
fsr-3843	114	57	-0.0035	-0.0035	NOUN
fsr-3843	114	58	-0.05	-0.05	NUM
fsr-3843	114	59	0.0095	0.0095	NUM
fsr-3843	114	60	0.14	0.14	NUM
fsr-3843	114	61	0.0011	0.0011	NUM
fsr-3843	114	62	0.02	0.02	NUM
fsr-3843	114	63	6	6	NUM
fsr-3843	114	64	0.0796	0.0796	NUM
fsr-3843	114	65	1.27	1.27	NUM
fsr-3843	114	66	0.0393	0.0393	NUM
fsr-3843	114	67	0.58	0.58	NUM
fsr-3843	114	68	0.0373	0.0373	NUM
fsr-3843	114	69	0.65	0.65	NUM
fsr-3843	114	70	7	7	NUM
fsr-3843	114	71	0.0409	0.0409	NUM
fsr-3843	114	72	0.58	0.58	NUM
fsr-3843	114	73	0.0171	0.0171	NUM
fsr-3843	114	74	0.25	0.25	NUM
fsr-3843	114	75	0.0149	0.0149	NUM
fsr-3843	114	76	0.26	0.26	NUM
fsr-3843	114	77	8	8	NUM
fsr-3843	114	78	-0.0377	-0.0377	NOUN
fsr-3843	114	79	-0.50	-0.50	NUM
fsr-3843	114	80	-0.0197	-0.0197	PROPN
fsr-3843	114	81	-0.28	-0.28	NUM
fsr-3843	114	82	-0.0172	-0.0172	NOUN
fsr-3843	114	83	-0.28	-0.28	NOUN
fsr-3843	114	84	9	9	NUM
fsr-3843	114	85	0.0820	0.0820	NUM
fsr-3843	114	86	0.92	0.92	NUM
fsr-3843	114	87	0.0741	0.0741	NUM
fsr-3843	114	88	0.86	0.86	NUM
fsr-3843	114	89	0.0463	0.0463	NUM
fsr-3843	114	90	0.65	0.65	NUM
fsr-3843	114	91	notes	note	NOUN
fsr-3843	114	92	:	:	PUNCT
fsr-3843	114	93	t	t	NOUN
fsr-3843	114	94	-	-	PUNCT
fsr-3843	114	95	values	value	NOUN
fsr-3843	114	96	test	test	VERB
fsr-3843	114	97	the	the	DET
fsr-3843	114	98	null	null	ADJ
fsr-3843	114	99	hypothesis	hypothesis	NOUN
fsr-3843	114	100	that	that	PRON
fsr-3843	114	101	the	the	DET
fsr-3843	114	102	average	average	ADJ
fsr-3843	114	103	daily	daily	ADJ
fsr-3843	114	104	return	return	NOUN
fsr-3843	114	105	is	be	AUX
fsr-3843	114	106	not	not	PART
fsr-3843	114	107	significantly	significantly	ADV
fsr-3843	114	108	different	different	ADJ
fsr-3843	114	109	from	from	ADP
fsr-3843	114	110	zero	zero	NUM
fsr-3843	114	111	.	.	PUNCT
fsr-3843	115	1	significance	significance	NOUN
fsr-3843	115	2	levels	level	NOUN
fsr-3843	115	3	are	be	AUX
fsr-3843	115	4	for	for	ADP
fsr-3843	115	5	one	one	NUM
fsr-3843	115	6	-	-	PUNCT
fsr-3843	115	7	tailed	tail	VERB
fsr-3843	115	8	tests	test	NOUN
fsr-3843	115	9	.	.	PUNCT
fsr-3843	116	1	*	*	PUNCT
fsr-3843	116	2	*	*	PUNCT
fsr-3843	116	3	*	*	PUNCT
fsr-3843	116	4	significant	significant	ADJ
fsr-3843	116	5	at	at	ADP
fsr-3843	116	6	the	the	DET
fsr-3843	116	7	1	1	NUM
fsr-3843	116	8	%	%	NOUN
fsr-3843	116	9	level	level	NOUN
fsr-3843	116	10	;	;	PUNCT
fsr-3843	116	11	*	*	PUNCT
fsr-3843	116	12	*	*	PUNCT
fsr-3843	116	13	significant	significant	ADJ
fsr-3843	116	14	at	at	ADP
fsr-3843	116	15	the	the	DET
fsr-3843	116	16	5	5	NUM
fsr-3843	116	17	%	%	NOUN
fsr-3843	116	18	level	level	NOUN
fsr-3843	116	19	;	;	PUNCT
fsr-3843	116	20	*	*	PUNCT
fsr-3843	116	21	significant	significant	ADJ
fsr-3843	116	22	at	at	ADP
fsr-3843	116	23	the	the	DET
fsr-3843	116	24	10	10	NUM
fsr-3843	116	25	%	%	NOUN
fsr-3843	116	26	level	level	NOUN
fsr-3843	116	27	.	.	PUNCT
fsr-3843	117	1	trading	trading	NOUN
fsr-3843	117	2	day	day	NOUN
fsr-3843	117	3	represents	represent	VERB
fsr-3843	117	4	trading	trading	NOUN
fsr-3843	117	5	days	day	NOUN
fsr-3843	117	6	around	around	ADP
fsr-3843	117	7	the	the	DET
fsr-3843	117	8	turn	turn	NOUN
fsr-3843	117	9	-	-	PUNCT
fsr-3843	117	10	of	of	ADP
fsr-3843	117	11	-	-	PUNCT
fsr-3843	117	12	the	the	DET
fsr-3843	117	13	-	-	PUNCT
fsr-3843	117	14	month	month	NOUN
fsr-3843	117	15	.	.	PUNCT
fsr-3843	118	1	trading	trading	NOUN
fsr-3843	118	2	day	day	NOUN
fsr-3843	118	3	1	1	NUM
fsr-3843	118	4	is	be	AUX
fsr-3843	118	5	the	the	DET
fsr-3843	118	6	first	first	ADJ
fsr-3843	118	7	trading	trading	NOUN
fsr-3843	118	8	day	day	NOUN
fsr-3843	118	9	of	of	ADP
fsr-3843	118	10	the	the	DET
fsr-3843	118	11	month	month	NOUN
fsr-3843	118	12	;	;	PUNCT
fsr-3843	118	13	trading	trading	NOUN
fsr-3843	118	14	day	day	NOUN
fsr-3843	118	15	1	1	NUM
fsr-3843	118	16	is	be	AUX
fsr-3843	118	17	the	the	DET
fsr-3843	118	18	day	day	NOUN
fsr-3843	118	19	prior	prior	ADV
fsr-3843	118	20	to	to	ADP
fsr-3843	118	21	the	the	DET
fsr-3843	118	22	first	first	ADJ
fsr-3843	118	23	trading	trading	NOUN
fsr-3843	118	24	day	day	NOUN
fsr-3843	118	25	of	of	ADP
fsr-3843	118	26	the	the	DET
fsr-3843	118	27	month	month	NOUN
fsr-3843	118	28	.	.	PUNCT
fsr-3843	119	1	the	the	DET
fsr-3843	119	2	turn	turn	VERB
fsr-3843	119	3	-	-	PUNCT
fsr-3843	119	4	of	of	ADP
fsr-3843	119	5	-	-	PUNCT
fsr-3843	119	6	the	the	DET
fsr-3843	119	7	-	-	PUNCT
fsr-3843	119	8	month	month	NOUN
fsr-3843	119	9	effect	effect	NOUN
fsr-3843	119	10	begins	begin	VERB
fsr-3843	119	11	on	on	ADP
fsr-3843	119	12	trading	trading	NOUN
fsr-3843	119	13	day	day	NOUN
fsr-3843	119	14	-4	-4	PUNCT
fsr-3843	119	15	and	and	CCONJ
fsr-3843	119	16	extends	extend	VERB
fsr-3843	119	17	through	through	ADP
fsr-3843	119	18	trading	trading	NOUN
fsr-3843	119	19	day	day	NOUN
fsr-3843	119	20	+2	+2	PROPN
fsr-3843	119	21	,	,	PUNCT
fsr-3843	119	22	a	a	DET
fsr-3843	119	23	tax	tax	NOUN
fsr-3843	119	24	-	-	PUNCT
fsr-3843	119	25	free	free	ADJ
fsr-3843	119	26	exploitation	exploitation	NOUN
fsr-3843	119	27	17	17	NUM
fsr-3843	119	28	table	table	NOUN
fsr-3843	119	29	2	2	NUM
fsr-3843	119	30	average	average	ADJ
fsr-3843	119	31	daily	daily	ADJ
fsr-3843	119	32	returns	return	NOUN
fsr-3843	119	33	(	(	PUNCT
fsr-3843	119	34	%	%	INTJ
fsr-3843	119	35	)	)	PUNCT
fsr-3843	119	36	and	and	CCONJ
fsr-3843	119	37	daily	daily	ADJ
fsr-3843	119	38	return	return	VERB
fsr-3843	119	39	standard	standard	ADJ
fsr-3843	119	40	deviations	deviation	NOUN
fsr-3843	119	41	(	(	PUNCT
fsr-3843	119	42	%	%	INTJ
fsr-3843	119	43	)	)	PUNCT
fsr-3843	119	44	for	for	ADP
fsr-3843	119	45	the	the	DET
fsr-3843	119	46	dow	dow	PROPN
fsr-3843	119	47	jones	jones	PROPN
fsr-3843	119	48	industrial	industrial	PROPN
fsr-3843	119	49	average	average	PROPN
fsr-3843	119	50	(	(	PUNCT
fsr-3843	119	51	djia	djia	PROPN
fsr-3843	119	52	)	)	PUNCT
fsr-3843	119	53	,	,	PUNCT
fsr-3843	119	54	the	the	DET
fsr-3843	119	55	standard	standard	NOUN
fsr-3843	119	56	and	and	CCONJ
fsr-3843	119	57	poor	poor	ADJ
fsr-3843	119	58	's	's	PART
fsr-3843	119	59	500	500	NUM
fsr-3843	119	60	index	index	NOUN
fsr-3843	119	61	(	(	PUNCT
fsr-3843	119	62	s&p	s&p	PROPN
fsr-3843	119	63	500	500	NUM
fsr-3843	119	64	)	)	PUNCT
fsr-3843	119	65	,	,	PUNCT
fsr-3843	119	66	the	the	DET
fsr-3843	119	67	stock	stock	NOUN
fsr-3843	119	68	account	account	NOUN
fsr-3843	119	69	(	(	PUNCT
fsr-3843	119	70	stock	stock	NOUN
fsr-3843	119	71	)	)	PUNCT
fsr-3843	119	72	,	,	PUNCT
fsr-3843	119	73	and	and	CCONJ
fsr-3843	119	74	the	the	DET
fsr-3843	119	75	money	money	NOUN
fsr-3843	119	76	market	market	NOUN
fsr-3843	119	77	account	account	NOUN
fsr-3843	119	78	(	(	PUNCT
fsr-3843	119	79	mmkt	mmkt	NOUN
fsr-3843	119	80	)	)	PUNCT
fsr-3843	119	81	.	.	PUNCT
fsr-3843	120	1	figures	figure	NOUN
fsr-3843	120	2	are	be	AUX
fsr-3843	120	3	for	for	ADP
fsr-3843	120	4	the	the	DET
fsr-3843	120	5	six	six	NUM
fsr-3843	120	6	trading	trading	NOUN
fsr-3843	120	7	days	day	NOUN
fsr-3843	120	8	around	around	ADP
fsr-3843	120	9	the	the	DET
fsr-3843	120	10	turn	turn	NOUN
fsr-3843	120	11	-	-	PUNCT
fsr-3843	120	12	of	of	ADP
fsr-3843	120	13	-	-	PUNCT
fsr-3843	120	14	the	the	DET
fsr-3843	120	15	-	-	PUNCT
fsr-3843	120	16	month	month	NOUN
fsr-3843	120	17	(	(	PUNCT
fsr-3843	120	18	tom	tom	PROPN
fsr-3843	120	19	)	)	PUNCT
fsr-3843	120	20	,	,	PUNCT
fsr-3843	120	21	for	for	ADP
fsr-3843	120	22	the	the	DET
fsr-3843	120	23	rest	rest	NOUN
fsr-3843	120	24	of	of	ADP
fsr-3843	120	25	the	the	DET
fsr-3843	120	26	month	month	NOUN
fsr-3843	120	27	(	(	PUNCT
fsr-3843	120	28	rom	rom	NOUN
fsr-3843	120	29	)	)	PUNCT
fsr-3843	120	30	,	,	PUNCT
fsr-3843	120	31	and	and	CCONJ
fsr-3843	120	32	for	for	ADP
fsr-3843	120	33	the	the	DET
fsr-3843	120	34	entire	entire	ADJ
fsr-3843	120	35	month	month	NOUN
fsr-3843	120	36	(	(	PUNCT
fsr-3843	120	37	month	month	NOUN
fsr-3843	120	38	)	)	PUNCT
fsr-3843	120	39	tom	tom	PROPN
fsr-3843	120	40	rom	rom	PROPN
fsr-3843	120	41	month	month	PROPN
fsr-3843	120	42	average	average	ADJ
fsr-3843	120	43	standard	standard	ADJ
fsr-3843	120	44	average	average	ADJ
fsr-3843	120	45	standard	standard	ADJ
fsr-3843	120	46	average	average	ADJ
fsr-3843	120	47	standard	standard	ADJ
fsr-3843	120	48	return	return	NOUN
fsr-3843	120	49	deviation	deviation	NOUN
fsr-3843	120	50	return	return	NOUN
fsr-3843	120	51	deviation	deviation	NOUN
fsr-3843	120	52	return	return	NOUN
fsr-3843	120	53	dev	dev	PROPN
fsr-3843	120	54	ia	ia	PROPN
fsr-3843	120	55	t	t	PROPN
fsr-3843	120	56	ion	ion	NOUN
fsr-3843	120	57	f	f	NOUN
fsr-3843	120	58	-	-	PUNCT
fsr-3843	120	59	value	value	NOUN
fsr-3843	120	60	djia	djia	PROPN
fsr-3843	120	61	0.1521	0.1521	NUM
fsr-3843	120	62	0.8086	0.8086	NUM
fsr-3843	120	63	0.0228	0.0228	NUM
fsr-3843	120	64	0.8535	0.8535	NUM
fsr-3843	120	65	0.0596	0.0596	NUM
fsr-3843	120	66	0.8428	0.8428	NUM
fsr-3843	120	67	11.87	11.87	NUM
fsr-3843	120	68	"	"	PUNCT
fsr-3843	120	69	*	*	PROPN
fsr-3843	120	70	*	*	PROPN
fsr-3843	120	71	s&p	s&p	PROPN
fsr-3843	120	72	500	500	NUM
fsr-3843	120	73	0.1596	0.1596	NUM
fsr-3843	120	74	0.7828	0.7828	NUM
fsr-3843	120	75	0.0159	0.0159	NUM
fsr-3843	120	76	0.8104	0.8104	NUM
fsr-3843	120	77	0.0569	0.0569	NUM
fsr-3843	120	78	0.8051	0.8051	NUM
fsr-3843	120	79	16.09	16.09	NUM
fsr-3843	120	80	"	"	PUNCT
fsr-3843	120	81	*	*	PROPN
fsr-3843	120	82	*	*	NOUN
fsr-3843	120	83	stock	stock	NOUN
fsr-3843	120	84	0.1736	0.1736	NUM
fsr-3843	120	85	0.6432	0.6432	NUM
fsr-3843	120	86	0.0145	0.0145	NUM
fsr-3843	120	87	0.6931	0.6931	NUM
fsr-3843	120	88	0.0598	0.0598	NUM
fsr-3843	120	89	0.6829	0.6829	NUM
fsr-3843	120	90	27.55	27.55	NUM
fsr-3843	120	91	*	*	PUNCT
fsr-3843	120	92	*	*	PUNCT
fsr-3843	120	93	*	*	PUNCT
fsr-3843	120	94	mmkt	mmkt	NOUN
fsr-3843	120	95	0.0233	0.0233	NUM
fsr-3843	120	96	0.0177	0.0177	NUM
fsr-3843	120	97	0.0222	0.0222	NUM
fsr-3843	120	98	0.0161	0.0161	NUM
fsr-3843	120	99	0.0225	0.0225	NUM
fsr-3843	120	100	0.0166	0.0166	NUM
fsr-3843	120	101	2.39	2.39	NUM
fsr-3843	120	102	notes	note	NOUN
fsr-3843	120	103	:	:	PUNCT
fsr-3843	120	104	the	the	DET
fsr-3843	120	105	turn	turn	VERB
fsr-3843	120	106	-	-	PUNCT
fsr-3843	120	107	of	of	ADP
fsr-3843	120	108	-	-	PUNCT
fsr-3843	120	109	the	the	DET
fsr-3843	120	110	-	-	PUNCT
fsr-3843	120	111	month	month	NOUN
fsr-3843	120	112	(	(	PUNCT
fsr-3843	120	113	tom	tom	PROPN
fsr-3843	120	114	)	)	PUNCT
fsr-3843	120	115	days	day	NOUN
fsr-3843	120	116	cover	cover	VERB
fsr-3843	120	117	the	the	DET
fsr-3843	120	118	period	period	NOUN
fsr-3843	120	119	between	between	ADP
fsr-3843	120	120	the	the	DET
fsr-3843	120	121	first	first	ADJ
fsr-3843	120	122	two	two	NUM
fsr-3843	120	123	days	day	NOUN
fsr-3843	120	124	of	of	ADP
fsr-3843	120	125	the	the	DET
fsr-3843	120	126	month	month	NOUN
fsr-3843	120	127	and	and	CCONJ
fsr-3843	120	128	the	the	DET
fsr-3843	120	129	last	last	ADJ
fsr-3843	120	130	four	four	NUM
fsr-3843	120	131	days	day	NOUN
fsr-3843	120	132	of	of	ADP
fsr-3843	120	133	the	the	DET
fsr-3843	120	134	previous	previous	ADJ
fsr-3843	120	135	month	month	NOUN
fsr-3843	120	136	.	.	PUNCT
fsr-3843	121	1	the	the	DET
fsr-3843	121	2	f	f	NOUN
fsr-3843	121	3	-	-	PUNCT
fsr-3843	121	4	value	value	NOUN
fsr-3843	121	5	is	be	AUX
fsr-3843	121	6	a	a	DET
fsr-3843	121	7	test	test	NOUN
fsr-3843	121	8	of	of	ADP
fsr-3843	121	9	the	the	DET
fsr-3843	121	10	null	null	ADJ
fsr-3843	121	11	hypothesis	hypothesis	NOUN
fsr-3843	121	12	that	that	PRON
fsr-3843	121	13	the	the	DET
fsr-3843	121	14	average	average	ADJ
fsr-3843	121	15	daily	daily	ADJ
fsr-3843	121	16	return	return	NOUN
fsr-3843	121	17	during	during	ADP
fsr-3843	121	18	the	the	DET
fsr-3843	121	19	turn	turn	NOUN
fsr-3843	121	20	-	-	PUNCT
fsr-3843	121	21	of	of	ADP
fsr-3843	121	22	-	-	PUNCT
fsr-3843	121	23	themonth	themonth	NOUN
fsr-3843	121	24	is	be	AUX
fsr-3843	121	25	equal	equal	ADJ
fsr-3843	121	26	to	to	ADP
fsr-3843	121	27	the	the	DET
fsr-3843	121	28	aver	aver	NOUN
fsr-3843	121	29	age	age	NOUN
fsr-3843	121	30	daily	daily	ADJ
fsr-3843	121	31	return	return	NOUN
fsr-3843	121	32	during	during	ADP
fsr-3843	121	33	the	the	DET
fsr-3843	121	34	rest	rest	NOUN
fsr-3843	121	35	-	-	PUNCT
fsr-3843	121	36	of	of	ADP
fsr-3843	121	37	-	-	PUNCT
fsr-3843	121	38	the	the	DET
fsr-3843	121	39	-	-	PUNCT
fsr-3843	121	40	month	month	NOUN
fsr-3843	121	41	.	.	PUNCT
fsr-3843	122	1	the	the	DET
fsr-3843	122	2	average	average	ADJ
fsr-3843	122	3	daily	daily	ADJ
fsr-3843	122	4	returns	return	NOUN
fsr-3843	122	5	are	be	AUX
fsr-3843	122	6	arithmetic	arithmetic	ADJ
fsr-3843	122	7	mean	mean	NOUN
fsr-3843	122	8	returns	return	NOUN
fsr-3843	122	9	for	for	ADP
fsr-3843	122	10	the	the	DET
fsr-3843	122	11	period	period	NOUN
fsr-3843	122	12	between	between	ADP
fsr-3843	122	13	april	april	PROPN
fsr-3843	122	14	1988	1988	NUM
fsr-3843	122	15	through	through	ADP
fsr-3843	122	16	december	december	PROPN
fsr-3843	122	17	1997	1997	NUM
fsr-3843	122	18	.	.	PUNCT
fsr-3843	123	1	there	there	PRON
fsr-3843	123	2	are	be	VERB
fsr-3843	123	3	2,465	2,465	NUM
fsr-3843	123	4	total	total	ADJ
fsr-3843	123	5	returns	return	NOUN
fsr-3843	123	6	,	,	PUNCT
fsr-3843	123	7	with	with	ADP
fsr-3843	123	8	702	702	NUM
fsr-3843	123	9	occurring	occur	VERB
fsr-3843	123	10	in	in	ADP
fsr-3843	123	11	the	the	DET
fsr-3843	123	12	tom	tom	PROPN
fsr-3843	123	13	period	period	NOUN
fsr-3843	123	14	and	and	CCONJ
fsr-3843	123	15	1763	1763	NUM
fsr-3843	123	16	occurring	occur	VERB
fsr-3843	123	17	in	in	ADP
fsr-3843	123	18	the	the	DET
fsr-3843	123	19	rom	rom	NOUN
fsr-3843	123	20	period	period	NOUN
fsr-3843	123	21	.	.	PUNCT
fsr-3843	124	1	*	*	PUNCT
fsr-3843	125	1	*	*	PUNCT
fsr-3843	125	2	*	*	PUNCT
fsr-3843	125	3	significant	significant	ADJ
fsr-3843	125	4	at	at	ADP
fsr-3843	125	5	the	the	DET
fsr-3843	125	6	1	1	NUM
fsr-3843	125	7	%	%	NOUN
fsr-3843	125	8	level	level	NOUN
fsr-3843	125	9	.	.	PUNCT
fsr-3843	126	1	compound	compound	NOUN
fsr-3843	126	2	return	return	NOUN
fsr-3843	126	3	of	of	ADP
fsr-3843	126	4	approximately	approximately	ADV
fsr-3843	126	5	55	55	NUM
fsr-3843	126	6	percent	percent	NOUN
fsr-3843	126	7	while	while	SCONJ
fsr-3843	126	8	the	the	DET
fsr-3843	126	9	rest	rest	NOUN
fsr-3843	126	10	of	of	ADP
fsr-3843	126	11	the	the	DET
fsr-3843	126	12	month	month	NOUN
fsr-3843	126	13	(	(	PUNCT
fsr-3843	126	14	hereafter	hereafter	ADJ
fsr-3843	126	15	,	,	PUNCT
fsr-3843	126	16	sim	sim	ADJ
fsr-3843	126	17	ply	ply	NOUN
fsr-3843	126	18	rom	rom	NOUN
fsr-3843	126	19	)	)	PUNCT
fsr-3843	126	20	represent	represent	VERB
fsr-3843	126	21	an	an	DET
fsr-3843	126	22	annualized	annualize	VERB
fsr-3843	126	23	return	return	NOUN
fsr-3843	126	24	of	of	ADP
fsr-3843	126	25	less	less	ADJ
fsr-3843	126	26	than	than	ADP
fsr-3843	126	27	4	4	NUM
fsr-3843	126	28	percent	percent	NOUN
fsr-3843	126	29	.	.	PUNCT
fsr-3843	127	1	in	in	ADP
fsr-3843	127	2	the	the	DET
fsr-3843	127	3	two	two	NUM
fsr-3843	127	4	indices	index	NOUN
fsr-3843	127	5	,	,	PUNCT
fsr-3843	127	6	the	the	DET
fsr-3843	127	7	first	first	ADJ
fsr-3843	127	8	two	two	NUM
fsr-3843	127	9	trading	trading	NOUN
fsr-3843	127	10	days	day	NOUN
fsr-3843	127	11	of	of	ADP
fsr-3843	127	12	the	the	DET
fsr-3843	127	13	month	month	NOUN
fsr-3843	127	14	show	show	VERB
fsr-3843	127	15	positive	positive	ADJ
fsr-3843	127	16	average	average	ADJ
fsr-3843	127	17	returns	return	NOUN
fsr-3843	127	18	that	that	PRON
fsr-3843	127	19	are	be	AUX
fsr-3843	127	20	significant	significant	ADJ
fsr-3843	127	21	at	at	ADP
fsr-3843	127	22	the	the	DET
fsr-3843	127	23	5	5	NUM
fsr-3843	127	24	percent	percent	NOUN
fsr-3843	127	25	level	level	NOUN
fsr-3843	127	26	.	.	PUNCT
fsr-3843	128	1	additionally	additionally	ADV
fsr-3843	128	2	,	,	PUNCT
fsr-3843	128	3	the	the	DET
fsr-3843	128	4	s&p	s&p	PROPN
fsr-3843	128	5	500	500	NUM
fsr-3843	128	6	shows	show	VERB
fsr-3843	128	7	positive	positive	ADJ
fsr-3843	128	8	and	and	CCONJ
fsr-3843	128	9	significant	significant	ADJ
fsr-3843	128	10	returns	return	NOUN
fsr-3843	128	11	on	on	ADP
fsr-3843	128	12	the	the	DET
fsr-3843	128	13	last	last	ADJ
fsr-3843	128	14	three	three	NUM
fsr-3843	128	15	trading	trading	NOUN
fsr-3843	128	16	days	day	NOUN
fsr-3843	128	17	of	of	ADP
fsr-3843	128	18	the	the	DET
fsr-3843	128	19	month	month	NOUN
fsr-3843	128	20	.	.	PUNCT
fsr-3843	129	1	no	no	DET
fsr-3843	129	2	other	other	ADJ
fsr-3843	129	3	day	day	NOUN
fsr-3843	129	4	of	of	ADP
fsr-3843	129	5	the	the	DET
fsr-3843	129	6	month	month	NOUN
fsr-3843	129	7	shows	show	VERB
fsr-3843	129	8	a	a	DET
fsr-3843	129	9	significant	significant	ADJ
fsr-3843	129	10	positive	positive	ADJ
fsr-3843	129	11	average	average	ADJ
fsr-3843	129	12	return	return	NOUN
fsr-3843	129	13	for	for	ADP
fsr-3843	129	14	either	either	DET
fsr-3843	129	15	index	index	NOUN
fsr-3843	129	16	.	.	PUNCT
fsr-3843	130	1	there	there	PRON
fsr-3843	130	2	is	be	VERB
fsr-3843	130	3	additional	additional	ADJ
fsr-3843	130	4	evidence	evidence	NOUN
fsr-3843	130	5	of	of	ADP
fsr-3843	130	6	a	a	DET
fsr-3843	130	7	tom	tom	PROPN
fsr-3843	130	8	effect	effect	NOUN
fsr-3843	130	9	in	in	ADP
fsr-3843	130	10	table	table	NOUN
fsr-3843	130	11	2	2	NUM
fsr-3843	130	12	,	,	PUNCT
fsr-3843	130	13	which	which	PRON
fsr-3843	130	14	includes	include	VERB
fsr-3843	130	15	average	average	ADJ
fsr-3843	130	16	daily	daily	ADJ
fsr-3843	130	17	returns	return	NOUN
fsr-3843	130	18	,	,	PUNCT
fsr-3843	130	19	return	return	VERB
fsr-3843	130	20	standard	standard	ADJ
fsr-3843	130	21	deviations	deviation	NOUN
fsr-3843	130	22	,	,	PUNCT
fsr-3843	130	23	and	and	CCONJ
fsr-3843	130	24	an	an	DET
fsr-3843	130	25	analysis	analysis	NOUN
fsr-3843	130	26	of	of	ADP
fsr-3843	130	27	variance	variance	NOUN
fsr-3843	130	28	between	between	ADP
fsr-3843	130	29	the	the	DET
fsr-3843	130	30	tom	tom	PROPN
fsr-3843	130	31	and	and	CCONJ
fsr-3843	130	32	the	the	DET
fsr-3843	130	33	rom	rom	NOUN
fsr-3843	130	34	periods	period	NOUN
fsr-3843	130	35	for	for	ADP
fsr-3843	130	36	the	the	DET
fsr-3843	130	37	two	two	NUM
fsr-3843	130	38	cref	cref	NOUN
fsr-3843	130	39	accounts	account	NOUN
fsr-3843	130	40	and	and	CCONJ
fsr-3843	130	41	the	the	DET
fsr-3843	130	42	two	two	NUM
fsr-3843	130	43	indices	index	NOUN
fsr-3843	130	44	.	.	PUNCT
fsr-3843	131	1	the	the	DET
fsr-3843	131	2	results	result	NOUN
fsr-3843	131	3	in	in	ADP
fsr-3843	131	4	the	the	DET
fsr-3843	131	5	table	table	NOUN
fsr-3843	131	6	are	be	AUX
fsr-3843	131	7	consistent	consistent	ADJ
fsr-3843	131	8	with	with	ADP
fsr-3843	131	9	earlier	early	ADJ
fsr-3843	131	10	studies	study	NOUN
fsr-3843	131	11	.	.	PUNCT
fsr-3843	132	1	the	the	DET
fsr-3843	132	2	average	average	ADJ
fsr-3843	132	3	daily	daily	ADJ
fsr-3843	132	4	return	return	NOUN
fsr-3843	132	5	for	for	ADP
fsr-3843	132	6	the	the	DET
fsr-3843	132	7	s&p	s&p	PROPN
fsr-3843	132	8	500	500	NUM
fsr-3843	132	9	index	index	NOUN
fsr-3843	132	10	in	in	ADP
fsr-3843	132	11	our	our	PRON
fsr-3843	132	12	sam	sam	PROPN
fsr-3843	132	13	ple	ple	PROPN
fsr-3843	132	14	during	during	ADP
fsr-3843	132	15	the	the	DET
fsr-3843	132	16	tom	tom	PROPN
fsr-3843	132	17	period	period	NOUN
fsr-3843	132	18	is	be	AUX
fsr-3843	132	19	0.1596	0.1596	NUM
fsr-3843	132	20	percent	percent	NOUN
fsr-3843	132	21	.	.	PUNCT
fsr-3843	133	1	henzel	henzel	PROPN
fsr-3843	133	2	and	and	CCONJ
fsr-3843	133	3	ziemba	ziemba	PROPN
fsr-3843	133	4	(	(	PUNCT
fsr-3843	133	5	1996	1996	NUM
fsr-3843	133	6	)	)	PUNCT
fsr-3843	133	7	report	report	VERB
fsr-3843	133	8	an	an	DET
fsr-3843	133	9	average	average	ADJ
fsr-3843	133	10	daily	daily	ADJ
fsr-3843	133	11	return	return	NOUN
fsr-3843	133	12	for	for	ADP
fsr-3843	133	13	the	the	DET
fsr-3843	133	14	s&p	s&p	PROPN
fsr-3843	133	15	500	500	NUM
fsr-3843	133	16	index	index	NOUN
fsr-3843	133	17	for	for	ADP
fsr-3843	133	18	the	the	DET
fsr-3843	133	19	tom	tom	PROPN
fsr-3843	133	20	period	period	NOUN
fsr-3843	133	21	in	in	ADP
fsr-3843	133	22	their	their	PRON
fsr-3843	133	23	study	study	NOUN
fsr-3843	133	24	of	of	ADP
fsr-3843	133	25	0.1236	0.1236	NUM
fsr-3843	133	26	percent	percent	NOUN
fsr-3843	133	27	.	.	PUNCT
fsr-3843	134	1	odgen	odgen	X
fsr-3843	134	2	(	(	PUNCT
fsr-3843	134	3	1990	1990	NUM
fsr-3843	134	4	)	)	PUNCT
fsr-3843	134	5	reports	report	VERB
fsr-3843	134	6	an	an	DET
fsr-3843	134	7	average	average	ADJ
fsr-3843	134	8	daily	daily	ADJ
fsr-3843	134	9	return	return	NOUN
fsr-3843	134	10	on	on	ADP
fsr-3843	134	11	the	the	DET
fsr-3843	134	12	crsp	crsp	PROPN
fsr-3843	134	13	value	value	NOUN
fsr-3843	134	14	-	-	PUNCT
fsr-3843	134	15	weighted	weight	VERB
fsr-3843	134	16	index	index	NOUN
fsr-3843	134	17	during	during	ADP
fsr-3843	134	18	the	the	DET
fsr-3843	134	19	tom	tom	PROPN
fsr-3843	134	20	period	period	NOUN
fsr-3843	134	21	of	of	ADP
fsr-3843	134	22	0.1283	0.1283	NUM
fsr-3843	134	23	percent	percent	NOUN
fsr-3843	134	24	.	.	PUNCT
fsr-3843	135	1	the	the	DET
fsr-3843	135	2	average	average	ADJ
fsr-3843	135	3	daily	daily	ADJ
fsr-3843	135	4	return	return	NOUN
fsr-3843	135	5	for	for	ADP
fsr-3843	135	6	the	the	DET
fsr-3843	135	7	s&p	s&p	PROPN
fsr-3843	135	8	500	500	NUM
fsr-3843	135	9	during	during	ADP
fsr-3843	135	10	the	the	DET
fsr-3843	135	11	rom	rom	NOUN
fsr-3843	135	12	period	period	NOUN
fsr-3843	135	13	in	in	ADP
fsr-3843	135	14	this	this	DET
fsr-3843	135	15	study	study	NOUN
fsr-3843	135	16	is	be	AUX
fsr-3843	135	17	0.0159	0.0159	NUM
fsr-3843	135	18	percent	percent	NOUN
fsr-3843	135	19	,	,	PUNCT
fsr-3843	135	20	compared	compare	VERB
fsr-3843	135	21	to	to	ADP
fsr-3843	135	22	0.0137	0.0137	NUM
fsr-3843	135	23	percent	percent	NOUN
fsr-3843	135	24	average	average	ADJ
fsr-3843	135	25	daily	daily	ADJ
fsr-3843	135	26	return	return	NOUN
fsr-3843	135	27	in	in	ADP
fsr-3843	135	28	the	the	DET
fsr-3843	135	29	ogden	ogden	PROPN
fsr-3843	135	30	sample	sample	NOUN
fsr-3843	135	31	,	,	PUNCT
fsr-3843	135	32	and	and	CCONJ
fsr-3843	135	33	minus	minus	CCONJ
fsr-3843	135	34	0.0235	0.0235	NUM
fsr-3843	135	35	percent	percent	NOUN
fsr-3843	135	36	average	average	ADJ
fsr-3843	135	37	daily	daily	ADJ
fsr-3843	135	38	return	return	NOUN
fsr-3843	135	39	reported	report	VERB
fsr-3843	135	40	by	by	ADP
fsr-3843	135	41	henzel	henzel	PROPN
fsr-3843	135	42	and	and	CCONJ
fsr-3843	135	43	ziemba	ziemba	PROPN
fsr-3843	135	44	.	.	PUNCT
fsr-3843	136	1	the	the	DET
fsr-3843	136	2	results	result	NOUN
fsr-3843	136	3	also	also	ADV
fsr-3843	136	4	clearly	clearly	ADV
fsr-3843	136	5	show	show	VERB
fsr-3843	136	6	that	that	SCONJ
fsr-3843	136	7	the	the	DET
fsr-3843	136	8	tom	tom	PROPN
fsr-3843	136	9	effect	effect	NOUN
fsr-3843	136	10	exists	exist	VERB
fsr-3843	136	11	in	in	ADP
fsr-3843	136	12	the	the	DET
fsr-3843	136	13	stock	stock	NOUN
fsr-3843	136	14	account	account	NOUN
fsr-3843	136	15	.	.	PUNCT
fsr-3843	137	1	the	the	DET
fsr-3843	137	2	average	average	ADJ
fsr-3843	137	3	daily	daily	ADJ
fsr-3843	137	4	returns	return	NOUN
fsr-3843	137	5	in	in	ADP
fsr-3843	137	6	the	the	DET
fsr-3843	137	7	tom	tom	PROPN
fsr-3843	137	8	period	period	NOUN
fsr-3843	137	9	,	,	PUNCT
fsr-3843	137	10	rom	rom	NOUN
fsr-3843	137	11	period	period	NOUN
fsr-3843	137	12	,	,	PUNCT
fsr-3843	137	13	and	and	CCONJ
fsr-3843	137	14	during	during	ADP
fsr-3843	137	15	the	the	DET
fsr-3843	137	16	entire	entire	ADJ
fsr-3843	137	17	month	month	NOUN
fsr-3843	137	18	are	be	AUX
fsr-3843	137	19	0.1736	0.1736	NUM
fsr-3843	137	20	percent	percent	NOUN
fsr-3843	137	21	,	,	PUNCT
fsr-3843	137	22	0.0145	0.0145	NUM
fsr-3843	137	23	percent	percent	NOUN
fsr-3843	137	24	,	,	PUNCT
fsr-3843	137	25	and	and	CCONJ
fsr-3843	137	26	0.0598	0.0598	NUM
fsr-3843	137	27	percent	percent	NOUN
fsr-3843	137	28	,	,	PUNCT
fsr-3843	137	29	respectively	respectively	ADV
fsr-3843	137	30	.	.	PUNCT
fsr-3843	138	1	with	with	ADP
fsr-3843	138	2	approximately	approximately	ADV
fsr-3843	138	3	21	21	NUM
fsr-3843	138	4	trading	trading	NOUN
fsr-3843	138	5	days	day	NOUN
fsr-3843	138	6	in	in	ADP
fsr-3843	138	7	the	the	DET
fsr-3843	138	8	average	average	ADJ
fsr-3843	138	9	month	month	NOUN
fsr-3843	138	10	,	,	PUNCT
fsr-3843	138	11	the	the	DET
fsr-3843	138	12	six	six	NUM
fsr-3843	138	13	days	day	NOUN
fsr-3843	138	14	of	of	ADP
fsr-3843	138	15	the	the	DET
fsr-3843	138	16	tom	tom	PROPN
fsr-3843	138	17	period	period	NOUN
fsr-3843	138	18	account	account	VERB
fsr-3843	138	19	for	for	ADP
fsr-3843	138	20	approxi	approxi	NOUN
fsr-3843	138	21	mately	mately	ADV
fsr-3843	138	22	83	83	NUM
fsr-3843	138	23	percent	percent	NOUN
fsr-3843	138	24	of	of	ADP
fsr-3843	138	25	the	the	DET
fsr-3843	138	26	average	average	ADJ
fsr-3843	138	27	month	month	NOUN
fsr-3843	138	28	's	's	PART
fsr-3843	138	29	total	total	ADJ
fsr-3843	138	30	return	return	NOUN
fsr-3843	138	31	for	for	ADP
fsr-3843	138	32	the	the	DET
fsr-3843	138	33	stock	stock	NOUN
fsr-3843	138	34	account	account	NOUN
fsr-3843	138	35	.	.	PUNCT
fsr-3843	139	1	finally	finally	ADV
fsr-3843	139	2	,	,	PUNCT
fsr-3843	139	3	the	the	DET
fsr-3843	139	4	f	f	NOUN
fsr-3843	139	5	-	-	PUNCT
fsr-3843	139	6	value	value	NOUN
fsr-3843	139	7	in	in	ADP
fsr-3843	139	8	the	the	DET
fsr-3843	139	9	analysis	analysis	NOUN
fsr-3843	139	10	of	of	ADP
fsr-3843	139	11	variance	variance	NOUN
fsr-3843	139	12	shows	show	VERB
fsr-3843	139	13	the	the	DET
fsr-3843	139	14	tom	tom	PROPN
fsr-3843	139	15	period	period	NOUN
fsr-3843	139	16	is	be	AUX
fsr-3843	139	17	significantly	significantly	ADV
fsr-3843	139	18	different	different	ADJ
fsr-3843	139	19	from	from	ADP
fsr-3843	139	20	the	the	DET
fsr-3843	139	21	rom	rom	NOUN
fsr-3843	139	22	period	period	NOUN
fsr-3843	139	23	at	at	ADP
fsr-3843	139	24	the	the	DET
fsr-3843	139	25	0.01	0.01	NUM
fsr-3843	139	26	level	level	NOUN
fsr-3843	139	27	for	for	ADP
fsr-3843	139	28	the	the	DET
fsr-3843	139	29	stock	stock	NOUN
fsr-3843	139	30	account	account	NOUN
fsr-3843	139	31	and	and	CCONJ
fsr-3843	139	32	for	for	ADP
fsr-3843	139	33	both	both	DET
fsr-3843	139	34	indices	index	NOUN
fsr-3843	139	35	.	.	PUNCT
fsr-3843	140	1	the	the	DET
fsr-3843	140	2	relevant	relevant	ADJ
fsr-3843	140	3	issue	issue	NOUN
fsr-3843	140	4	now	now	ADV
fsr-3843	140	5	is	be	AUX
fsr-3843	140	6	what	what	PRON
fsr-3843	140	7	the	the	DET
fsr-3843	140	8	effect	effect	NOUN
fsr-3843	140	9	will	will	AUX
fsr-3843	140	10	be	be	AUX
fsr-3843	140	11	on	on	ADP
fsr-3843	140	12	the	the	DET
fsr-3843	140	13	investor	investor	NOUN
fsr-3843	140	14	's	's	PART
fsr-3843	140	15	portfolio	portfolio	NOUN
fsr-3843	140	16	when	when	SCONJ
fsr-3843	140	17	attempts	attempt	NOUN
fsr-3843	140	18	are	be	AUX
fsr-3843	140	19	made	make	VERB
fsr-3843	140	20	to	to	PART
fsr-3843	140	21	exploit	exploit	VERB
fsr-3843	140	22	the	the	DET
fsr-3843	140	23	monthly	monthly	ADJ
fsr-3843	140	24	pattern	pattern	NOUN
fsr-3843	140	25	that	that	PRON
fsr-3843	140	26	we	we	PRON
fsr-3843	140	27	have	have	AUX
fsr-3843	140	28	identified	identify	VERB
fsr-3843	140	29	.	.	PUNCT
fsr-3843	141	1	the	the	DET
fsr-3843	141	2	next	next	ADJ
fsr-3843	141	3	section	section	NOUN
fsr-3843	141	4	examines	examine	VERB
fsr-3843	141	5	18	18	NUM
fsr-3843	141	6	f	f	NOUN
fsr-3843	142	1	i	i	PRON
fsr-3843	142	2	n	n	PROPN
fsr-3843	142	3	a	a	PRON
fsr-3843	142	4	n	n	NOUN
fsr-3843	142	5	c	c	NOUN
fsr-3843	142	6	i	i	PRON
fsr-3843	142	7	a	a	DET
fsr-3843	142	8	l	l	NOUN
fsr-3843	142	9	s	s	X
fsr-3843	142	10	e	e	NOUN
fsr-3843	142	11	r	r	NOUN
fsr-3843	142	12	v	v	NOUN
fsr-3843	143	1	i	i	PRON
fsr-3843	143	2	c	c	NOUN
fsr-3843	144	1	e	e	NOUN
fsr-3843	144	2	s	s	NOUN
fsr-3843	144	3	r	r	NOUN
fsr-3843	144	4	e	e	NOUN
fsr-3843	144	5	v	v	NOUN
fsr-3843	144	6	i	i	NOUN
fsr-3843	144	7	e	e	PROPN
fsr-3843	144	8	w	w	PROPN
fsr-3843	144	9	7(1	7(1	NUM
fsr-3843	144	10	)	)	PUNCT
fsr-3843	144	11	1998	1998	NUM
fsr-3843	144	12	whether	whether	SCONJ
fsr-3843	144	13	individual	individual	ADJ
fsr-3843	144	14	investors	investor	NOUN
fsr-3843	144	15	can	can	AUX
fsr-3843	144	16	exploit	exploit	VERB
fsr-3843	144	17	the	the	DET
fsr-3843	144	18	tom	tom	PROPN
fsr-3843	144	19	effect	effect	NOUN
fsr-3843	144	20	by	by	ADP
fsr-3843	144	21	implementing	implement	VERB
fsr-3843	144	22	a	a	DET
fsr-3843	144	23	switching	switch	VERB
fsr-3843	144	24	strategy	strategy	NOUN
fsr-3843	144	25	with	with	ADP
fsr-3843	144	26	the	the	DET
fsr-3843	144	27	stock	stock	NOUN
fsr-3843	144	28	account	account	NOUN
fsr-3843	144	29	and	and	CCONJ
fsr-3843	144	30	money	money	NOUN
fsr-3843	144	31	market	market	NOUN
fsr-3843	144	32	account	account	NOUN
fsr-3843	144	33	.	.	PUNCT
fsr-3843	145	1	v.	v.	ADP
fsr-3843	145	2	performance	performance	NOUN
fsr-3843	145	3	results	result	NOUN
fsr-3843	145	4	using	use	VERB
fsr-3843	145	5	the	the	DET
fsr-3843	145	6	switching	switch	VERB
fsr-3843	145	7	strategy	strategy	NOUN
fsr-3843	145	8	in	in	ADP
fsr-3843	145	9	this	this	DET
fsr-3843	145	10	section	section	NOUN
fsr-3843	145	11	we	we	PRON
fsr-3843	145	12	examine	examine	VERB
fsr-3843	145	13	the	the	DET
fsr-3843	145	14	performance	performance	NOUN
fsr-3843	145	15	results	result	NOUN
fsr-3843	145	16	of	of	ADP
fsr-3843	145	17	a	a	DET
fsr-3843	145	18	traditional	traditional	ADJ
fsr-3843	145	19	buy	buy	NOUN
fsr-3843	145	20	-	-	PUNCT
fsr-3843	145	21	and	and	CCONJ
fsr-3843	145	22	-	-	PUNCT
fsr-3843	145	23	hold	hold	VERB
fsr-3843	145	24	strategy	strategy	NOUN
fsr-3843	145	25	versus	versus	ADP
fsr-3843	145	26	a	a	DET
fsr-3843	145	27	switching	switch	VERB
fsr-3843	145	28	strategy	strategy	NOUN
fsr-3843	145	29	based	base	VERB
fsr-3843	145	30	on	on	ADP
fsr-3843	145	31	the	the	DET
fsr-3843	145	32	tom	tom	PROPN
fsr-3843	145	33	pattern	pattern	NOUN
fsr-3843	145	34	that	that	PRON
fsr-3843	145	35	we	we	PRON
fsr-3843	145	36	have	have	AUX
fsr-3843	145	37	identified	identify	VERB
fsr-3843	145	38	in	in	ADP
fsr-3843	145	39	the	the	DET
fsr-3843	145	40	stock	stock	NOUN
fsr-3843	145	41	account	account	NOUN
fsr-3843	145	42	.	.	PUNCT
fsr-3843	146	1	the	the	DET
fsr-3843	146	2	buy	buy	VERB
fsr-3843	146	3	-	-	PUNCT
fsr-3843	146	4	and	and	CCONJ
fsr-3843	146	5	-	-	PUNCT
fsr-3843	146	6	hold	hold	VERB
fsr-3843	146	7	strategy	strategy	NOUN
fsr-3843	146	8	is	be	AUX
fsr-3843	146	9	implemented	implement	VERB
fsr-3843	146	10	by	by	ADP
fsr-3843	146	11	placing	place	VERB
fsr-3843	146	12	$	$	SYM
fsr-3843	146	13	1,000	1,000	NUM
fsr-3843	146	14	in	in	ADP
fsr-3843	146	15	the	the	DET
fsr-3843	146	16	stock	stock	NOUN
fsr-3843	146	17	account	account	NOUN
fsr-3843	146	18	on	on	ADP
fsr-3843	146	19	april	april	PROPN
fsr-3843	146	20	4	4	NUM
fsr-3843	146	21	,	,	PUNCT
fsr-3843	146	22	1988	1988	NUM
fsr-3843	146	23	.	.	PUNCT
fsr-3843	147	1	the	the	DET
fsr-3843	147	2	markets	market	NOUN
fsr-3843	147	3	are	be	AUX
fsr-3843	147	4	closed	close	VERB
fsr-3843	147	5	on	on	ADP
fsr-3843	147	6	april	april	PROPN
fsr-3843	147	7	first	first	ADV
fsr-3843	147	8	and	and	CCONJ
fsr-3843	147	9	weekends	weekend	NOUN
fsr-3843	147	10	,	,	PUNCT
fsr-3843	147	11	making	make	VERB
fsr-3843	147	12	april	april	PROPN
fsr-3843	147	13	4	4	NUM
fsr-3843	147	14	the	the	DET
fsr-3843	147	15	first	first	ADJ
fsr-3843	147	16	trading	trading	NOUN
fsr-3843	147	17	day	day	NOUN
fsr-3843	147	18	of	of	ADP
fsr-3843	147	19	the	the	DET
fsr-3843	147	20	month	month	NOUN
fsr-3843	147	21	for	for	ADP
fsr-3843	147	22	that	that	DET
fsr-3843	147	23	year	year	NOUN
fsr-3843	147	24	.	.	PUNCT
fsr-3843	148	1	this	this	DET
fsr-3843	148	2	money	money	NOUN
fsr-3843	148	3	is	be	AUX
fsr-3843	148	4	left	leave	VERB
fsr-3843	148	5	in	in	ADP
fsr-3843	148	6	the	the	DET
fsr-3843	148	7	stock	stock	NOUN
fsr-3843	148	8	account	account	NOUN
fsr-3843	148	9	for	for	ADP
fsr-3843	148	10	the	the	DET
fsr-3843	148	11	duration	duration	NOUN
fsr-3843	148	12	of	of	ADP
fsr-3843	148	13	the	the	DET
fsr-3843	148	14	study	study	NOUN
fsr-3843	148	15	.	.	PUNCT
fsr-3843	149	1	the	the	DET
fsr-3843	149	2	switching	switch	VERB
fsr-3843	149	3	strategy	strategy	NOUN
fsr-3843	149	4	is	be	AUX
fsr-3843	149	5	also	also	ADV
fsr-3843	149	6	implemented	implement	VERB
fsr-3843	149	7	by	by	ADP
fsr-3843	149	8	plac	plac	PROPN
fsr-3843	149	9	ing	e	VERB
fsr-3843	149	10	$	$	SYM
fsr-3843	149	11	1,000	1,000	NUM
fsr-3843	149	12	in	in	ADP
fsr-3843	149	13	the	the	DET
fsr-3843	149	14	stock	stock	NOUN
fsr-3843	149	15	account	account	NOUN
fsr-3843	149	16	on	on	ADP
fsr-3843	149	17	april	april	PROPN
fsr-3843	149	18	4	4	NUM
fsr-3843	149	19	.	.	PUNCT
fsr-3843	150	1	all	all	DET
fsr-3843	150	2	accumulated	accumulate	VERB
fsr-3843	150	3	funds	fund	NOUN
fsr-3843	150	4	are	be	AUX
fsr-3843	150	5	then	then	ADV
fsr-3843	150	6	moved	move	VERB
fsr-3843	150	7	to	to	ADP
fsr-3843	150	8	the	the	DET
fsr-3843	150	9	money	money	NOUN
fsr-3843	150	10	market	market	NOUN
fsr-3843	150	11	account	account	NOUN
fsr-3843	150	12	at	at	ADP
fsr-3843	150	13	the	the	DET
fsr-3843	150	14	close	close	NOUN
fsr-3843	150	15	of	of	ADP
fsr-3843	150	16	business	business	NOUN
fsr-3843	150	17	on	on	ADP
fsr-3843	150	18	april	april	PROPN
fsr-3843	150	19	5	5	NUM
fsr-3843	150	20	,	,	PUNCT
fsr-3843	150	21	the	the	DET
fsr-3843	150	22	second	second	ADJ
fsr-3843	150	23	trading	trading	NOUN
fsr-3843	150	24	day	day	NOUN
fsr-3843	150	25	of	of	ADP
fsr-3843	150	26	the	the	DET
fsr-3843	150	27	month	month	NOUN
fsr-3843	150	28	.	.	PUNCT
fsr-3843	151	1	finally	finally	ADV
fsr-3843	151	2	,	,	PUNCT
fsr-3843	151	3	accumulated	accumulate	VERB
fsr-3843	151	4	funds	fund	NOUN
fsr-3843	151	5	are	be	AUX
fsr-3843	151	6	switched	switch	VERB
fsr-3843	151	7	back	back	ADV
fsr-3843	151	8	from	from	ADP
fsr-3843	151	9	the	the	DET
fsr-3843	151	10	money	money	NOUN
fsr-3843	151	11	market	market	NOUN
fsr-3843	151	12	account	account	NOUN
fsr-3843	151	13	into	into	ADP
fsr-3843	151	14	the	the	DET
fsr-3843	151	15	stock	stock	NOUN
fsr-3843	151	16	account	account	NOUN
fsr-3843	151	17	at	at	ADP
fsr-3843	151	18	the	the	DET
fsr-3843	151	19	close	close	NOUN
fsr-3843	151	20	of	of	ADP
fsr-3843	151	21	business	business	NOUN
fsr-3843	151	22	on	on	ADP
fsr-3843	151	23	the	the	DET
fsr-3843	151	24	fifth	fifth	ADJ
fsr-3843	151	25	trading	trading	NOUN
fsr-3843	151	26	day	day	NOUN
fsr-3843	151	27	prior	prior	ADV
fsr-3843	151	28	to	to	ADP
fsr-3843	151	29	the	the	DET
fsr-3843	151	30	end	end	NOUN
fsr-3843	151	31	of	of	ADP
fsr-3843	151	32	the	the	DET
fsr-3843	151	33	month	month	NOUN
fsr-3843	151	34	.	.	PUNCT
fsr-3843	152	1	this	this	DET
fsr-3843	152	2	switching	switching	NOUN
fsr-3843	152	3	of	of	ADP
fsr-3843	152	4	funds	fund	NOUN
fsr-3843	152	5	is	be	AUX
fsr-3843	152	6	repeated	repeat	VERB
fsr-3843	152	7	each	each	DET
fsr-3843	152	8	month	month	NOUN
fsr-3843	152	9	,	,	PUNCT
fsr-3843	152	10	moving	move	VERB
fsr-3843	152	11	funds	fund	NOUN
fsr-3843	152	12	into	into	ADP
fsr-3843	152	13	the	the	DET
fsr-3843	152	14	stock	stock	NOUN
fsr-3843	152	15	account	account	NOUN
fsr-3843	152	16	during	during	ADP
fsr-3843	152	17	the	the	DET
fsr-3843	152	18	tom	tom	PROPN
fsr-3843	152	19	period	period	NOUN
fsr-3843	152	20	and	and	CCONJ
fsr-3843	152	21	back	back	ADV
fsr-3843	152	22	into	into	ADP
fsr-3843	152	23	the	the	DET
fsr-3843	152	24	money	money	NOUN
fsr-3843	152	25	market	market	NOUN
fsr-3843	152	26	account	account	NOUN
fsr-3843	152	27	during	during	ADP
fsr-3843	152	28	the	the	DET
fsr-3843	152	29	rom	rom	NOUN
fsr-3843	152	30	period	period	NOUN
fsr-3843	152	31	,	,	PUNCT
fsr-3843	152	32	through	through	ADP
fsr-3843	152	33	the	the	DET
fsr-3843	152	34	end	end	NOUN
fsr-3843	152	35	of	of	ADP
fsr-3843	152	36	december	december	PROPN
fsr-3843	152	37	,	,	PUNCT
fsr-3843	152	38	1997	1997	NUM
fsr-3843	152	39	.	.	PUNCT
fsr-3843	153	1	table	table	NOUN
fsr-3843	153	2	3	3	NUM
fsr-3843	153	3	average	average	ADJ
fsr-3843	153	4	daily	daily	ADJ
fsr-3843	153	5	compound	compound	NOUN
fsr-3843	153	6	return	return	NOUN
fsr-3843	153	7	(	(	PUNCT
fsr-3843	153	8	%	%	INTJ
fsr-3843	153	9	)	)	PUNCT
fsr-3843	153	10	,	,	PUNCT
fsr-3843	153	11	return	return	VERB
fsr-3843	153	12	standard	standard	ADJ
fsr-3843	153	13	deviation	deviation	NOUN
fsr-3843	153	14	(	(	PUNCT
fsr-3843	153	15	%	%	NOUN
fsr-3843	153	16	)	)	PUNCT
fsr-3843	153	17	,	,	PUNCT
fsr-3843	153	18	beta	beta	NOUN
fsr-3843	153	19	,	,	PUNCT
fsr-3843	153	20	sharpe	sharpe	NOUN
fsr-3843	153	21	,	,	PUNCT
fsr-3843	153	22	treynor	treynor	NOUN
fsr-3843	153	23	,	,	PUNCT
fsr-3843	153	24	and	and	CCONJ
fsr-3843	153	25	appraisal	appraisal	NOUN
fsr-3843	153	26	ratios	ratio	NOUN
fsr-3843	153	27	for	for	ADP
fsr-3843	153	28	the	the	DET
fsr-3843	153	29	period	period	NOUN
fsr-3843	153	30	between	between	ADP
fsr-3843	153	31	april	april	PROPN
fsr-3843	153	32	1988	1988	NUM
fsr-3843	153	33	and	and	CCONJ
fsr-3843	153	34	december	december	PROPN
fsr-3843	153	35	1997	1997	NUM
fsr-3843	153	36	and	and	CCONJ
fsr-3843	153	37	for	for	ADP
fsr-3843	153	38	three	three	NUM
fsr-3843	153	39	sub	sub	ADJ
fsr-3843	153	40	-	-	ADJ
fsr-3843	153	41	periods	periods	ADJ
fsr-3843	153	42	period	period	NOUN
fsr-3843	153	43	average	average	ADJ
fsr-3843	153	44	return	return	NOUN
fsr-3843	153	45	growth	growth	NOUN
fsr-3843	153	46	of	of	ADP
fsr-3843	153	47	daily	daily	ADJ
fsr-3843	153	48	standard	standard	ADJ
fsr-3843	153	49	sharpe	sharpe	PROPN
fsr-3843	153	50	treynor	treynor	NOUN
fsr-3843	153	51	appraisal	appraisal	NOUN
fsr-3843	153	52	$	$	SYM
fsr-3843	153	53	1,000	1,000	NUM
fsr-3843	153	54	return	return	NOUN
fsr-3843	153	55	deviation	deviation	NOUN
fsr-3843	153	56	beta	beta	NOUN
fsr-3843	153	57	ratio	ratio	NOUN
fsr-3843	153	58	ratio	ratio	NOUN
fsr-3843	153	59	ratio	ratio	NOUN
fsr-3843	153	60	investment	investment	NOUN
fsr-3843	153	61	4/198812/1997	4/198812/1997	NUM
fsr-3843	153	62	mmkt	mmkt	NOUN
fsr-3843	153	63	0.023	0.023	NUM
fsr-3843	153	64	0.017	0.017	NUM
fsr-3843	153	65	.	.	PUNCT
fsr-3843	153	66	.	.	PUNCT
fsr-3843	154	1	.	.	PUNCT
fsr-3843	154	2	.	.	PUNCT
fsr-3843	155	1	$	$	SYM
fsr-3843	155	2	1,740	1,740	NUM
fsr-3843	155	3	stock	stock	NOUN
fsr-3843	155	4	0.057	0.057	NUM
fsr-3843	155	5	0.683	0.683	NUM
fsr-3843	155	6	0.824	0.824	NUM
fsr-3843	155	7	0.0625	0.0625	NUM
fsr-3843	155	8	0.00052	0.00052	NUM
fsr-3843	155	9	0.0638	0.0638	NUM
fsr-3843	155	10	$	$	SYM
fsr-3843	155	11	4,118	4,118	NUM
fsr-3843	155	12	switch	switch	NOUN
fsr-3843	155	13	0.065	0.065	NUM
fsr-3843	155	14	0.350	0.350	NUM
fsr-3843	155	15	0.219	0.219	NUM
fsr-3843	155	16	0.1429	0.1429	NUM
fsr-3843	155	17	0.00228	0.00228	NUM
fsr-3843	155	18	0.1367	0.1367	NUM
fsr-3843	155	19	$	$	SYM
fsr-3843	155	20	4,921	4,921	NUM
fsr-3843	155	21	4/198812/1991	4/198812/1991	NUM
fsr-3843	155	22	mmkt	mmkt	NOUN
fsr-3843	155	23	0.030	0.030	NUM
fsr-3843	155	24	0.019	0.019	NUM
fsr-3843	155	25	.	.	PUNCT
fsr-3843	155	26	.	.	PUNCT
fsr-3843	155	27	.	.	PUNCT
fsr-3843	156	1	.	.	PUNCT
fsr-3843	157	1	$	$	SYM
fsr-3843	157	2	1,331	1,331	NUM
fsr-3843	157	3	stock	stock	NOUN
fsr-3843	157	4	0.057	0.057	NUM
fsr-3843	157	5	0.793	0.793	NUM
fsr-3843	157	6	0.852	0.852	NUM
fsr-3843	157	7	0.0484	0.0484	NUM
fsr-3843	157	8	0.00045	0.00045	NUM
fsr-3843	157	9	0.0809	0.0809	NUM
fsr-3843	157	10	$	$	SYM
fsr-3843	157	11	1,724	1,724	NUM
fsr-3843	157	12	switch	switch	NOUN
fsr-3843	157	13	0.085	0.085	NUM
fsr-3843	157	14	0.389	0.389	NUM
fsr-3843	157	15	0.210	0.210	NUM
fsr-3843	157	16	0.1689	0.1689	NUM
fsr-3843	157	17	0.00313	0.00313	NUM
fsr-3843	158	1	0.1741	0.1741	NUM
fsr-3843	158	2	$	$	SYM
fsr-3843	158	3	2,233	2,233	NUM
fsr-3843	158	4	1/199212/1994	1/199212/1994	NUM
fsr-3843	158	5	mmkt	mmkt	NOUN
fsr-3843	158	6	0.014	0.014	NUM
fsr-3843	158	7	0.010	0.010	NUM
fsr-3843	158	8	.	.	PUNCT
fsr-3843	158	9	.	.	PUNCT
fsr-3843	158	10	.	.	PUNCT
fsr-3843	159	1	.	.	PUNCT
fsr-3843	160	1	$	$	SYM
fsr-3843	160	2	1,112	1,112	NUM
fsr-3843	160	3	stock	stock	NOUN
fsr-3843	160	4	0.025	0.025	NUM
fsr-3843	160	5	0.509	0.509	NUM
fsr-3843	160	6	0,817	0,817	NUM
fsr-3843	160	7	0.0299	0.0299	NUM
fsr-3843	160	8	0.00019	0.00019	NUM
fsr-3843	160	9	0.0791	0.0791	NUM
fsr-3843	160	10	$	$	SYM
fsr-3843	160	11	1,209	1,209	NUM
fsr-3843	160	12	switch	switch	NOUN
fsr-3843	160	13	0.043	0.043	NUM
fsr-3843	160	14	0.278	0.278	NUM
fsr-3843	160	15	0.247	0.247	NUM
fsr-3843	160	16	0.1205	0.1205	NUM
fsr-3843	160	17	0.00136	0.00136	NUM
fsr-3843	160	18	0.1386	0.1386	NUM
fsr-3843	160	19	$	$	SYM
fsr-3843	160	20	1,388	1,388	NUM
fsr-3843	160	21	1/199512/1997	1/199512/1997	NUM
fsr-3843	160	22	mmkt	mmkt	NOUN
fsr-3843	160	23	0.021	0.021	NUM
fsr-3843	160	24	0.013	0.013	NUM
fsr-3843	160	25	.	.	PUNCT
fsr-3843	160	26	.	.	PUNCT
fsr-3843	160	27	.	.	PUNCT
fsr-3843	161	1	.	.	PUNCT
fsr-3843	162	1	$	$	SYM
fsr-3843	162	2	1,176	1,176	NUM
fsr-3843	162	3	stock	stock	NOUN
fsr-3843	162	4	0.090	0.090	NUM
fsr-3843	162	5	0.684	0.684	NUM
fsr-3843	162	6	0.787	0.787	NUM
fsr-3843	162	7	0.1105	0.1105	NUM
fsr-3843	162	8	0.00096	0.00096	NUM
fsr-3843	162	9	0.0481	0.0481	NUM
fsr-3843	162	10	$	$	SYM
fsr-3843	162	11	1,976	1,976	NUM
fsr-3843	162	12	switch	switch	NOUN
fsr-3843	162	13	0.061	0.061	NUM
fsr-3843	162	14	0.362	0.362	NUM
fsr-3843	162	15	0.220	0.220	NUM
fsr-3843	162	16	0.1293	0.1293	NUM
fsr-3843	162	17	0.00213	0.00213	NUM
fsr-3843	162	18	0.0898	0.0898	NUM
fsr-3843	162	19	$	$	SYM
fsr-3843	162	20	1,588	1,588	NUM
fsr-3843	162	21	notes	note	NOUN
fsr-3843	162	22	:	:	PUNCT
fsr-3843	162	23	annualized	annualize	VERB
fsr-3843	162	24	returns	return	NOUN
fsr-3843	162	25	for	for	ADP
fsr-3843	162	26	the	the	DET
fsr-3843	162	27	money	money	NOUN
fsr-3843	162	28	market	market	NOUN
fsr-3843	162	29	account	account	NOUN
fsr-3843	162	30	(	(	PUNCT
fsr-3843	162	31	mmkt	mmkt	NOUN
fsr-3843	162	32	)	)	PUNCT
fsr-3843	162	33	and	and	CCONJ
fsr-3843	162	34	the	the	DET
fsr-3843	162	35	stock	stock	NOUN
fsr-3843	162	36	account	account	NOUN
fsr-3843	162	37	(	(	PUNCT
fsr-3843	162	38	stock	stock	NOUN
fsr-3843	162	39	)	)	PUNCT
fsr-3843	162	40	,	,	PUNCT
fsr-3843	162	41	are	be	AUX
fsr-3843	162	42	5.8	5.8	NUM
fsr-3843	162	43	percent	percent	NOUN
fsr-3843	162	44	and	and	CCONJ
fsr-3843	162	45	15.6	15.6	NUM
fsr-3843	162	46	percent	percent	NOUN
fsr-3843	162	47	,	,	PUNCT
fsr-3843	162	48	respectively	respectively	ADV
fsr-3843	162	49	.	.	PUNCT
fsr-3843	163	1	annualized	annualize	VERB
fsr-3843	163	2	return	return	NOUN
fsr-3843	163	3	for	for	ADP
fsr-3843	163	4	the	the	DET
fsr-3843	163	5	switchin	switchin	ADJ
fsr-3843	163	6	8	8	NUM
fsr-3843	163	7	strategy	strategy	NOUN
fsr-3843	163	8	(	(	PUNCT
fsr-3843	163	9	switch	switch	NOUN
fsr-3843	163	10	)	)	PUNCT
fsr-3843	163	11	is	be	AUX
fsr-3843	163	12	17.7	17.7	NUM
fsr-3843	163	13	percent	percent	NOUN
fsr-3843	163	14	.	.	PUNCT
fsr-3843	164	1	there	there	PRON
fsr-3843	164	2	are	be	VERB
fsr-3843	164	3	2,465	2,465	NUM
fsr-3843	164	4	daily	daily	ADJ
fsr-3843	164	5	returns	return	NOUN
fsr-3843	164	6	between	between	ADP
fsr-3843	164	7	april	april	PROPN
fsr-3843	164	8	1988	1988	NUM
fsr-3843	164	9	through	through	ADP
fsr-3843	164	10	december	december	PROPN
fsr-3843	164	11	1997	1997	NUM
fsr-3843	164	12	.	.	PUNCT
fsr-3843	165	1	betas	beta	NOUN
fsr-3843	165	2	for	for	ADP
fsr-3843	165	3	the	the	DET
fsr-3843	165	4	stock	stock	NOUN
fsr-3843	165	5	account	account	NOUN
fsr-3843	165	6	and	and	CCONJ
fsr-3843	165	7	the	the	DET
fsr-3843	165	8	switchin	switchin	ADJ
fsr-3843	165	9	8	8	NUM
fsr-3843	165	10	strategy	strategy	NOUN
fsr-3843	165	11	are	be	AUX
fsr-3843	165	12	calculated	calculate	VERB
fsr-3843	165	13	by	by	ADP
fsr-3843	165	14	regressing	regress	VERB
fsr-3843	165	15	the	the	DET
fsr-3843	165	16	dally	dally	ADJ
fsr-3843	165	17	returns	return	NOUN
fsr-3843	165	18	for	for	ADP
fsr-3843	165	19	each	each	PRON
fsr-3843	165	20	onto	onto	ADP
fsr-3843	165	21	the	the	DET
fsr-3843	165	22	daily	daily	ADJ
fsr-3843	165	23	return	return	NOUN
fsr-3843	165	24	for	for	ADP
fsr-3843	165	25	the	the	DET
fsr-3843	165	26	s&p	s&p	PROPN
fsr-3843	165	27	500	500	NUM
fsr-3843	165	28	index	index	NOUN
fsr-3843	165	29	for	for	ADP
fsr-3843	165	30	the	the	DET
fsr-3843	165	31	entire	entire	ADJ
fsr-3843	165	32	period	period	NOUN
fsr-3843	165	33	and	and	CCONJ
fsr-3843	165	34	each	each	DET
fsr-3843	165	35	subperiod	subperiod	NOUN
fsr-3843	165	36	.	.	PUNCT
fsr-3843	166	1	a	a	DET
fsr-3843	166	2	tax	tax	NOUN
fsr-3843	166	3	-	-	PUNCT
fsr-3843	166	4	free	free	ADJ
fsr-3843	166	5	exploitation	exploitation	NOUN
fsr-3843	166	6	19	19	NUM
fsr-3843	166	7	$	$	SYM
fsr-3843	166	8	6,000	6,000	NUM
fsr-3843	166	9	$	$	SYM
fsr-3843	166	10	5	5	NUM
fsr-3843	166	11	,	,	PUNCT
fsr-3843	166	12	~	~	PUNCT
fsr-3843	166	13	t	t	PROPN
fsr-3843	166	14	$	$	SYM
fsr-3843	166	15	4,000	4,000	NUM
fsr-3843	166	16	~	~	PUNCT
fsr-3843	166	17	$	$	SYM
fsr-3843	166	18	3,000	3,000	NUM
fsr-3843	166	19	j	j	NOUN
fsr-3843	166	20	j	j	PROPN
fsr-3843	166	21	y	y	PROPN
fsr-3843	166	22	$	$	SYM
fsr-3843	166	23	1,00o	1,00o	NUM
fsr-3843	166	24	month	month	NOUN
fsr-3843	166	25	-	-	PUNCT
fsr-3843	166	26	year	year	NOUN
fsr-3843	166	27	i	i	PRON
fsr-3843	166	28	~switch	~switch	VERB
fsr-3843	166	29	i	i	PRON
fsr-3843	166	30	~mmr'f	~mmr'f	NOUN
fsr-3843	166	31	figure	figure	NOUN
fsr-3843	166	32	1	1	NUM
fsr-3843	166	33	.	.	PUNCT
fsr-3843	166	34	growth	growth	NOUN
fsr-3843	166	35	of	of	ADP
fsr-3843	166	36	$	$	SYM
fsr-3843	166	37	1,000	1,000	NUM
fsr-3843	166	38	between	between	ADP
fsr-3843	166	39	april	april	PROPN
fsr-3843	166	40	1988	1988	NUM
fsr-3843	166	41	and	and	CCONJ
fsr-3843	166	42	december	december	PROPN
fsr-3843	166	43	1997	1997	NUM
fsr-3843	166	44	in	in	ADP
fsr-3843	166	45	the	the	DET
fsr-3843	166	46	money	money	NOUN
fsr-3843	166	47	market	market	NOUN
fsr-3843	166	48	account	account	NOUN
fsr-3843	166	49	(	(	PUNCT
fsr-3843	166	50	mmkt	mmkt	NOUN
fsr-3843	166	51	)	)	PUNCT
fsr-3843	166	52	,	,	PUNCT
fsr-3843	166	53	the	the	DET
fsr-3843	166	54	stock	stock	NOUN
fsr-3843	166	55	account	account	NOUN
fsr-3843	166	56	(	(	PUNCT
fsr-3843	166	57	stock	stock	NOUN
fsr-3843	166	58	)	)	PUNCT
fsr-3843	166	59	,	,	PUNCT
fsr-3843	166	60	and	and	CCONJ
fsr-3843	166	61	the	the	DET
fsr-3843	166	62	switching	switch	VERB
fsr-3843	166	63	strategy	strategy	NOUN
fsr-3843	166	64	(	(	PUNCT
fsr-3843	166	65	switch	switch	NOUN
fsr-3843	166	66	)	)	PUNCT
fsr-3843	166	67	performance	performance	NOUN
fsr-3843	166	68	results	result	NOUN
fsr-3843	166	69	for	for	ADP
fsr-3843	166	70	the	the	DET
fsr-3843	166	71	switching	switching	NOUN
fsr-3843	166	72	and	and	CCONJ
fsr-3843	166	73	the	the	DET
fsr-3843	166	74	buy	buy	VERB
fsr-3843	166	75	-	-	PUNCT
fsr-3843	166	76	and	and	CCONJ
fsr-3843	166	77	-	-	PUNCT
fsr-3843	166	78	hold	hold	NOUN
fsr-3843	166	79	strategies	strategy	NOUN
fsr-3843	166	80	indicate	indicate	VERB
fsr-3843	166	81	that	that	SCONJ
fsr-3843	166	82	the	the	DET
fsr-3843	166	83	switching	switch	VERB
fsr-3843	166	84	strategy	strategy	NOUN
fsr-3843	166	85	clearly	clearly	ADV
fsr-3843	166	86	outperforms	outperform	VERB
fsr-3843	166	87	the	the	DET
fsr-3843	166	88	buy	buy	VERB
fsr-3843	166	89	-	-	PUNCT
fsr-3843	166	90	and	and	CCONJ
fsr-3843	166	91	-	-	PUNCT
fsr-3843	166	92	hold	hold	VERB
fsr-3843	166	93	strategy	strategy	NOUN
fsr-3843	166	94	.	.	PUNCT
fsr-3843	167	1	table	table	NOUN
fsr-3843	167	2	3	3	NUM
fsr-3843	167	3	shows	show	VERB
fsr-3843	167	4	various	various	ADJ
fsr-3843	167	5	summary	summary	NOUN
fsr-3843	167	6	statistics	statistic	NOUN
fsr-3843	167	7	and	and	CCONJ
fsr-3843	167	8	risk	risk	NOUN
fsr-3843	167	9	-	-	PUNCT
fsr-3843	167	10	adjusted	adjust	VERB
fsr-3843	167	11	performance	performance	NOUN
fsr-3843	167	12	measures	measure	NOUN
fsr-3843	167	13	for	for	ADP
fsr-3843	167	14	the	the	DET
fsr-3843	167	15	entire	entire	ADJ
fsr-3843	167	16	period	period	NOUN
fsr-3843	167	17	and	and	CCONJ
fsr-3843	167	18	for	for	ADP
fsr-3843	167	19	the	the	DET
fsr-3843	167	20	three	three	NUM
fsr-3843	167	21	sub	sub	NOUN
fsr-3843	167	22	-	-	ADJ
fsr-3843	167	23	periods	period	NOUN
fsr-3843	167	24	.	.	PUNCT
fsr-3843	168	1	between	between	ADP
fsr-3843	168	2	1988	1988	NUM
fsr-3843	168	3	and	and	CCONJ
fsr-3843	168	4	1997	1997	NUM
fsr-3843	168	5	the	the	DET
fsr-3843	168	6	switching	switch	VERB
fsr-3843	168	7	strategy	strategy	NOUN
fsr-3843	168	8	achieves	achieve	VERB
fsr-3843	168	9	an	an	DET
fsr-3843	168	10	average	average	ADJ
fsr-3843	168	11	daily	daily	ADJ
fsr-3843	168	12	compound	compound	NOUN
fsr-3843	168	13	return	return	NOUN
fsr-3843	168	14	of	of	ADP
fsr-3843	168	15	0.065	0.065	NUM
fsr-3843	168	16	percent	percent	NOUN
fsr-3843	168	17	over	over	ADP
fsr-3843	168	18	the	the	DET
fsr-3843	168	19	2,465	2,465	NUM
fsr-3843	168	20	trading	trading	NOUN
fsr-3843	168	21	days	day	NOUN
fsr-3843	168	22	,	,	PUNCT
fsr-3843	168	23	compared	compare	VERB
fsr-3843	168	24	to	to	ADP
fsr-3843	168	25	an	an	DET
fsr-3843	168	26	aver	aver	NOUN
fsr-3843	168	27	age	age	NOUN
fsr-3843	168	28	daily	daily	ADJ
fsr-3843	168	29	compound	compound	NOUN
fsr-3843	168	30	return	return	NOUN
fsr-3843	168	31	of	of	ADP
fsr-3843	168	32	0.057	0.057	NUM
fsr-3843	168	33	percent	percent	NOUN
fsr-3843	168	34	for	for	ADP
fsr-3843	168	35	the	the	DET
fsr-3843	168	36	buy	buy	VERB
fsr-3843	168	37	-	-	PUNCT
fsr-3843	168	38	and	and	CCONJ
fsr-3843	168	39	-	-	PUNCT
fsr-3843	168	40	hold	hold	VERB
fsr-3843	168	41	strategy	strategy	NOUN
fsr-3843	168	42	and	and	CCONJ
fsr-3843	168	43	a	a	DET
fsr-3843	168	44	0.023	0.023	NUM
fsr-3843	168	45	per	per	ADP
fsr-3843	168	46	cent	cent	NOUN
fsr-3843	168	47	for	for	ADP
fsr-3843	168	48	the	the	DET
fsr-3843	168	49	money	money	NOUN
fsr-3843	168	50	market	market	NOUN
fsr-3843	168	51	account	account	NOUN
fsr-3843	168	52	.	.	PUNCT
fsr-3843	169	1	this	this	PRON
fsr-3843	169	2	means	mean	VERB
fsr-3843	169	3	that	that	SCONJ
fsr-3843	169	4	,	,	PUNCT
fsr-3843	169	5	beginning	begin	VERB
fsr-3843	169	6	with	with	ADP
fsr-3843	169	7	a	a	DET
fsr-3843	169	8	$	$	SYM
fsr-3843	169	9	1,000	1,000	NUM
fsr-3843	169	10	investment	investment	NOUN
fsr-3843	169	11	,	,	PUNCT
fsr-3843	169	12	the	the	DET
fsr-3843	169	13	accumulated	accumulate	VERB
fsr-3843	169	14	value	value	NOUN
fsr-3843	169	15	grows	grow	VERB
fsr-3843	169	16	to	to	ADP
fsr-3843	169	17	$	$	SYM
fsr-3843	169	18	4,921	4,921	NUM
fsr-3843	169	19	over	over	ADP
fsr-3843	169	20	the	the	DET
fsr-3843	169	21	117	117	NUM
fsr-3843	169	22	months	month	NOUN
fsr-3843	169	23	of	of	ADP
fsr-3843	169	24	the	the	DET
fsr-3843	169	25	study	study	NOUN
fsr-3843	169	26	in	in	ADP
fsr-3843	169	27	the	the	DET
fsr-3843	169	28	switching	switching	NOUN
fsr-3843	169	29	strategy	strategy	NOUN
fsr-3843	169	30	,	,	PUNCT
fsr-3843	169	31	compared	compare	VERB
fsr-3843	169	32	to	to	ADP
fsr-3843	169	33	$	$	SYM
fsr-3843	169	34	4,118	4,118	NUM
fsr-3843	169	35	for	for	ADP
fsr-3843	169	36	a	a	DET
fsr-3843	169	37	similar	similar	ADJ
fsr-3843	169	38	$	$	SYM
fsr-3843	169	39	1,000	1,000	NUM
fsr-3843	169	40	investment	investment	NOUN
fsr-3843	169	41	in	in	ADP
fsr-3843	169	42	the	the	DET
fsr-3843	169	43	buy	buy	VERB
fsr-3843	169	44	-	-	PUNCT
fsr-3843	169	45	and	and	CCONJ
fsr-3843	169	46	-	-	PUNCT
fsr-3843	169	47	hold	hold	VERB
fsr-3843	169	48	strategy	strategy	NOUN
fsr-3843	169	49	.	.	PUNCT
fsr-3843	170	1	the	the	DET
fsr-3843	170	2	growth	growth	NOUN
fsr-3843	170	3	of	of	ADP
fsr-3843	170	4	a	a	DET
fsr-3843	170	5	$	$	SYM
fsr-3843	170	6	1,000	1,000	NUM
fsr-3843	170	7	investment	investment	NOUN
fsr-3843	170	8	in	in	ADP
fsr-3843	170	9	both	both	DET
fsr-3843	170	10	strategies	strategy	NOUN
fsr-3843	170	11	and	and	CCONJ
fsr-3843	170	12	in	in	ADP
fsr-3843	170	13	the	the	DET
fsr-3843	170	14	money	money	NOUN
fsr-3843	170	15	market	market	NOUN
fsr-3843	170	16	account	account	NOUN
fsr-3843	170	17	is	be	AUX
fsr-3843	170	18	shown	show	VERB
fsr-3843	170	19	graphically	graphically	ADV
fsr-3843	170	20	in	in	ADP
fsr-3843	170	21	figure	figure	NOUN
fsr-3843	170	22	1	1	NUM
fsr-3843	170	23	.	.	PUNCT
fsr-3843	170	24	not	not	PART
fsr-3843	170	25	included	include	VERB
fsr-3843	170	26	in	in	ADP
fsr-3843	170	27	the	the	DET
fsr-3843	170	28	table	table	NOUN
fsr-3843	170	29	are	be	AUX
fsr-3843	170	30	the	the	DET
fsr-3843	170	31	results	result	NOUN
fsr-3843	170	32	from	from	ADP
fsr-3843	170	33	combining	combine	VERB
fsr-3843	170	34	the	the	DET
fsr-3843	170	35	money	money	NOUN
fsr-3843	170	36	market	market	NOUN
fsr-3843	170	37	account	account	NOUN
fsr-3843	170	38	with	with	ADP
fsr-3843	170	39	the	the	DET
fsr-3843	170	40	djia	djia	PROPN
fsr-3843	170	41	and	and	CCONJ
fsr-3843	170	42	the	the	DET
fsr-3843	170	43	s&p	s&p	PROPN
fsr-3843	170	44	500	500	NUM
fsr-3843	170	45	in	in	ADP
fsr-3843	170	46	a	a	DET
fsr-3843	170	47	switching	switch	VERB
fsr-3843	170	48	strategy	strategy	NOUN
fsr-3843	170	49	.	.	PUNCT
fsr-3843	171	1	over	over	ADP
fsr-3843	171	2	the	the	DET
fsr-3843	171	3	entire	entire	ADJ
fsr-3843	171	4	period	period	NOUN
fsr-3843	171	5	of	of	ADP
fsr-3843	171	6	the	the	DET
fsr-3843	171	7	study	study	NOUN
fsr-3843	171	8	,	,	PUNCT
fsr-3843	171	9	a	a	DET
fsr-3843	171	10	$	$	SYM
fsr-3843	171	11	1,000	1,000	NUM
fsr-3843	171	12	invested	invest	VERB
fsr-3843	171	13	in	in	ADP
fsr-3843	171	14	the	the	DET
fsr-3843	171	15	djia	djia	PROPN
fsr-3843	171	16	grows	grow	VERB
fsr-3843	171	17	to	to	ADP
fsr-3843	171	18	$	$	SYM
fsr-3843	171	19	4,198	4,198	NUM
fsr-3843	171	20	with	with	ADP
fsr-3843	171	21	the	the	DET
fsr-3843	171	22	strategy	strategy	NOUN
fsr-3843	171	23	,	,	PUNCT
fsr-3843	171	24	versus	versus	ADP
fsr-3843	171	25	$	$	SYM
fsr-3843	171	26	3,978	3,978	NUM
fsr-3843	171	27	without	without	ADP
fsr-3843	171	28	the	the	DET
fsr-3843	171	29	strategy	strategy	NOUN
fsr-3843	171	30	.	.	PUNCT
fsr-3843	172	1	a	a	DET
fsr-3843	172	2	$	$	SYM
fsr-3843	172	3	1,000	1,000	NUM
fsr-3843	172	4	investment	investment	NOUN
fsr-3843	172	5	in	in	ADP
fsr-3843	172	6	the	the	DET
fsr-3843	172	7	s&p	s&p	PROPN
fsr-3843	172	8	500	500	NUM
fsr-3843	172	9	index	index	NOUN
fsr-3843	172	10	grows	grow	VERB
fsr-3843	172	11	to	to	ADP
fsr-3843	172	12	$	$	SYM
fsr-3843	172	13	4,432	4,432	NUM
fsr-3843	172	14	with	with	ADP
fsr-3843	172	15	the	the	DET
fsr-3843	172	16	strategy	strategy	NOUN
fsr-3843	172	17	,	,	PUNCT
fsr-3843	172	18	and	and	CCONJ
fsr-3843	172	19	$	$	SYM
fsr-3843	172	20	3,748	3,748	NUM
fsr-3843	172	21	without	without	ADP
fsr-3843	172	22	.	.	PUNCT
fsr-3843	173	1	funds	fund	NOUN
fsr-3843	173	2	in	in	ADP
fsr-3843	173	3	the	the	DET
fsr-3843	173	4	switching	switch	VERB
fsr-3843	173	5	strategy	strategy	NOUN
fsr-3843	173	6	are	be	AUX
fsr-3843	173	7	held	hold	VERB
fsr-3843	173	8	in	in	ADP
fsr-3843	173	9	the	the	DET
fsr-3843	173	10	low	low	ADJ
fsr-3843	173	11	risk	risk	NOUN
fsr-3843	173	12	money	money	NOUN
fsr-3843	173	13	market	market	NOUN
fsr-3843	173	14	account	account	VERB
fsr-3843	173	15	over	over	ADP
fsr-3843	173	16	seventy	seventy	NUM
fsr-3843	173	17	percent	percent	NOUN
fsr-3843	173	18	of	of	ADP
fsr-3843	173	19	each	each	DET
fsr-3843	173	20	month	month	NOUN
fsr-3843	173	21	,	,	PUNCT
fsr-3843	173	22	significantly	significantly	ADV
fsr-3843	173	23	reducing	reduce	VERB
fsr-3843	173	24	the	the	DET
fsr-3843	173	25	investment	investment	NOUN
fsr-3843	173	26	's	's	PART
fsr-3843	173	27	risk	risk	NOUN
fsr-3843	173	28	as	as	SCONJ
fsr-3843	173	29	measured	measure	VERB
fsr-3843	173	30	by	by	ADP
fsr-3843	173	31	total	total	ADJ
fsr-3843	173	32	volatility	volatility	NOUN
fsr-3843	173	33	of	of	ADP
fsr-3843	173	34	return	return	NOUN
fsr-3843	173	35	.	.	PUNCT
fsr-3843	174	1	return	return	VERB
fsr-3843	174	2	standard	standard	ADJ
fsr-3843	174	3	deviation	deviation	NOUN
fsr-3843	174	4	for	for	ADP
fsr-3843	174	5	the	the	DET
fsr-3843	174	6	switching	switch	VERB
fsr-3843	174	7	strategy	strategy	NOUN
fsr-3843	174	8	is	be	AUX
fsr-3843	174	9	reduced	reduce	VERB
fsr-3843	174	10	to	to	ADP
fsr-3843	174	11	almost	almost	ADV
fsr-3843	174	12	half	half	DET
fsr-3843	174	13	that	that	PRON
fsr-3843	174	14	of	of	ADP
fsr-3843	174	15	the	the	DET
fsr-3843	174	16	buy	buy	VERB
fsr-3843	174	17	-	-	PUNCT
fsr-3843	174	18	and	and	CCONJ
fsr-3843	174	19	-	-	PUNCT
fsr-3843	174	20	hold	hold	NOUN
fsr-3843	174	21	strategy	strategy	NOUN
fsr-3843	174	22	,	,	PUNCT
fsr-3843	174	23	from	from	ADP
fsr-3843	174	24	0.683	0.683	NUM
fsr-3843	174	25	percent	percent	NOUN
fsr-3843	174	26	to	to	ADP
fsr-3843	174	27	0.35	0.35	NUM
fsr-3843	174	28	percent	percent	NOUN
fsr-3843	174	29	.	.	PUNCT
fsr-3843	175	1	betas	beta	NOUN
fsr-3843	175	2	for	for	ADP
fsr-3843	175	3	both	both	DET
fsr-3843	175	4	strategies	strategy	NOUN
fsr-3843	175	5	are	be	AUX
fsr-3843	175	6	calculated	calculate	VERB
fsr-3843	175	7	by	by	ADP
fsr-3843	175	8	regressing	regress	VERB
fsr-3843	175	9	returns	return	NOUN
fsr-3843	175	10	onto	onto	ADP
fsr-3843	175	11	the	the	DET
fsr-3843	175	12	s&p	s&p	PROPN
fsr-3843	175	13	500	500	NUM
fsr-3843	175	14	index	index	NOUN
fsr-3843	175	15	.	.	PUNCT
fsr-3843	176	1	we	we	PRON
fsr-3843	176	2	find	find	VERB
fsr-3843	176	3	a	a	DET
fsr-3843	176	4	reduction	reduction	NOUN
fsr-3843	176	5	in	in	ADP
fsr-3843	176	6	this	this	DET
fsr-3843	176	7	measure	measure	NOUN
fsr-3843	176	8	of	of	ADP
fsr-3843	176	9	market	market	NOUN
fsr-3843	176	10	risk	risk	NOUN
fsr-3843	176	11	from	from	ADP
fsr-3843	176	12	0.82	0.82	NUM
fsr-3843	176	13	for	for	ADP
fsr-3843	176	14	the	the	DET
fsr-3843	176	15	stock	stock	NOUN
fsr-3843	176	16	account	account	NOUN
fsr-3843	176	17	to	to	ADP
fsr-3843	176	18	0.22	0.22	NUM
fsr-3843	176	19	for	for	ADP
fsr-3843	176	20	the	the	DET
fsr-3843	176	21	switching	switch	VERB
fsr-3843	176	22	strategy	strategy	NOUN
fsr-3843	176	23	.	.	PUNCT
fsr-3843	177	1	also	also	ADV
fsr-3843	177	2	reported	report	VERB
fsr-3843	177	3	in	in	ADP
fsr-3843	177	4	table	table	NOUN
fsr-3843	177	5	3	3	NUM
fsr-3843	177	6	are	be	AUX
fsr-3843	177	7	the	the	DET
fsr-3843	177	8	summary	summary	NOUN
fsr-3843	177	9	results	result	NOUN
fsr-3843	177	10	for	for	ADP
fsr-3843	177	11	each	each	DET
fsr-3843	177	12	sub	sub	NOUN
fsr-3843	177	13	-	-	NOUN
fsr-3843	177	14	period	period	NOUN
fsr-3843	177	15	that	that	PRON
fsr-3843	177	16	we	we	PRON
fsr-3843	177	17	examined	examine	VERB
fsr-3843	177	18	.	.	PUNCT
fsr-3843	178	1	the	the	DET
fsr-3843	178	2	risk	risk	NOUN
fsr-3843	178	3	-	-	PUNCT
fsr-3843	178	4	adjusted	adjust	VERB
fsr-3843	178	5	performance	performance	NOUN
fsr-3843	178	6	measures	measure	NOUN
fsr-3843	178	7	included	include	VERB
fsr-3843	178	8	in	in	ADP
fsr-3843	178	9	table	table	NOUN
fsr-3843	178	10	3	3	NUM
fsr-3843	178	11	are	be	AUX
fsr-3843	178	12	the	the	DET
fsr-3843	178	13	sharpe	sharpe	PROPN
fsr-3843	178	14	ratio	ratio	NOUN
fsr-3843	178	15	,	,	PUNCT
fsr-3843	178	16	the	the	DET
fsr-3843	178	17	treynor	treynor	NOUN
fsr-3843	178	18	ratio	ratio	NOUN
fsr-3843	178	19	,	,	PUNCT
fsr-3843	178	20	and	and	CCONJ
fsr-3843	178	21	the	the	DET
fsr-3843	178	22	appraisal	appraisal	NOUN
fsr-3843	178	23	ratio	ratio	NOUN
fsr-3843	178	24	.	.	PUNCT
fsr-3843	179	1	while	while	SCONJ
fsr-3843	179	2	each	each	PRON
fsr-3843	179	3	is	be	AUX
fsr-3843	179	4	consistent	consistent	ADJ
fsr-3843	179	5	with	with	ADP
fsr-3843	179	6	conventional	conventional	ADJ
fsr-3843	179	7	mean	mean	NOUN
fsr-3843	179	8	20	20	NUM
fsr-3843	179	9	financial	financial	ADJ
fsr-3843	179	10	services	service	NOUN
fsr-3843	179	11	review	review	VERB
fsr-3843	179	12	7(i	7(i	NUM
fsr-3843	179	13	)	)	PUNCT
fsr-3843	179	14	1998	1998	NUM
fsr-3843	179	15	variance	variance	NOUN
fsr-3843	179	16	optimization	optimization	NOUN
fsr-3843	179	17	,	,	PUNCT
fsr-3843	179	18	they	they	PRON
fsr-3843	179	19	differ	differ	VERB
fsr-3843	179	20	in	in	ADP
fsr-3843	179	21	their	their	PRON
fsr-3843	179	22	assumptions	assumption	NOUN
fsr-3843	179	23	about	about	ADP
fsr-3843	179	24	the	the	DET
fsr-3843	179	25	investor	investor	NOUN
fsr-3843	179	26	's	's	PART
fsr-3843	179	27	complementary	complementary	ADJ
fsr-3843	179	28	portfolios	portfolio	NOUN
fsr-3843	179	29	.	.	PUNCT
fsr-3843	180	1	the	the	DET
fsr-3843	180	2	sharpe	sharpe	PROPN
fsr-3843	180	3	ratio	ratio	NOUN
fsr-3843	180	4	measures	measure	NOUN
fsr-3843	180	5	average	average	ADJ
fsr-3843	180	6	excess	excess	ADJ
fsr-3843	180	7	return	return	NOUN
fsr-3843	180	8	per	per	ADP
fsr-3843	180	9	unit	unit	NOUN
fsr-3843	180	10	of	of	ADP
fsr-3843	180	11	total	total	ADJ
fsr-3843	180	12	risk	risk	NOUN
fsr-3843	180	13	as	as	SCONJ
fsr-3843	180	14	mea	mea	NOUN
fsr-3843	180	15	sured	sure	VERB
fsr-3843	180	16	by	by	ADP
fsr-3843	180	17	standard	standard	ADJ
fsr-3843	180	18	deviation	deviation	NOUN
fsr-3843	180	19	of	of	ADP
fsr-3843	180	20	return	return	NOUN
fsr-3843	180	21	(	(	PUNCT
fsr-3843	180	22	sharpe	sharpe	NOUN
fsr-3843	180	23	,	,	PUNCT
fsr-3843	180	24	1966	1966	NUM
fsr-3843	180	25	)	)	PUNCT
fsr-3843	180	26	.	.	PUNCT
fsr-3843	181	1	it	it	PRON
fsr-3843	181	2	is	be	AUX
fsr-3843	181	3	appropriate	appropriate	ADJ
fsr-3843	181	4	when	when	SCONJ
fsr-3843	181	5	a	a	DET
fsr-3843	181	6	portfolio	portfolio	NOUN
fsr-3843	181	7	rep	rep	NOUN
fsr-3843	181	8	resents	resent	VERB
fsr-3843	181	9	the	the	DET
fsr-3843	181	10	investor	investor	NOUN
fsr-3843	181	11	's	's	PART
fsr-3843	181	12	entire	entire	ADJ
fsr-3843	181	13	investment	investment	NOUN
fsr-3843	181	14	and	and	CCONJ
fsr-3843	181	15	is	be	AUX
fsr-3843	181	16	being	be	AUX
fsr-3843	181	17	compared	compare	VERB
fsr-3843	181	18	to	to	ADP
fsr-3843	181	19	a	a	DET
fsr-3843	181	20	benchmark	benchmark	NOUN
fsr-3843	181	21	or	or	CCONJ
fsr-3843	181	22	another	another	DET
fsr-3843	181	23	portfolio	portfolio	NOUN
fsr-3843	181	24	.	.	PUNCT
fsr-3843	182	1	a	a	DET
fsr-3843	182	2	higher	high	ADJ
fsr-3843	182	3	ratio	ratio	NOUN
fsr-3843	182	4	indicates	indicate	VERB
fsr-3843	182	5	superior	superior	ADJ
fsr-3843	182	6	risk	risk	NOUN
fsr-3843	182	7	-	-	PUNCT
fsr-3843	182	8	adjusted	adjust	VERB
fsr-3843	182	9	performance	performance	NOUN
fsr-3843	182	10	.	.	PUNCT
fsr-3843	183	1	over	over	ADP
fsr-3843	183	2	the	the	DET
fsr-3843	183	3	nine	nine	NUM
fsr-3843	183	4	years	year	NOUN
fsr-3843	183	5	of	of	ADP
fsr-3843	183	6	the	the	DET
fsr-3843	183	7	study	study	NOUN
fsr-3843	183	8	this	this	DET
fsr-3843	183	9	ratio	ratio	NOUN
fsr-3843	183	10	is	be	AUX
fsr-3843	183	11	0.14	0.14	NUM
fsr-3843	183	12	for	for	ADP
fsr-3843	183	13	the	the	DET
fsr-3843	183	14	switching	switch	VERB
fsr-3843	183	15	strategy	strategy	NOUN
fsr-3843	183	16	,	,	PUNCT
fsr-3843	183	17	compared	compare	VERB
fsr-3843	183	18	to	to	ADP
fsr-3843	183	19	0.062	0.062	NUM
fsr-3843	183	20	when	when	SCONJ
fsr-3843	183	21	simply	simply	ADV
fsr-3843	183	22	buying	buying	NOUN
fsr-3843	183	23	-	-	PUNCT
fsr-3843	183	24	and	and	CCONJ
fsr-3843	183	25	-	-	PUNCT
fsr-3843	183	26	holding	hold	VERB
fsr-3843	183	27	the	the	DET
fsr-3843	183	28	stock	stock	NOUN
fsr-3843	183	29	account	account	NOUN
fsr-3843	183	30	.	.	PUNCT
fsr-3843	184	1	the	the	DET
fsr-3843	184	2	treynor	treynor	NOUN
fsr-3843	184	3	ratio	ratio	NOUN
fsr-3843	184	4	,	,	PUNCT
fsr-3843	184	5	measuring	measure	VERB
fsr-3843	184	6	average	average	ADJ
fsr-3843	184	7	excess	excess	ADJ
fsr-3843	184	8	return	return	NOUN
fsr-3843	184	9	per	per	ADP
fsr-3843	184	10	unit	unit	NOUN
fsr-3843	184	11	of	of	ADP
fsr-3843	184	12	systematic	systematic	ADJ
fsr-3843	184	13	risk	risk	NOUN
fsr-3843	184	14	as	as	SCONJ
fsr-3843	184	15	mea	mea	NOUN
fsr-3843	184	16	sured	sure	VERB
fsr-3843	184	17	by	by	ADP
fsr-3843	184	18	beta	beta	NOUN
fsr-3843	184	19	,	,	PUNCT
fsr-3843	184	20	is	be	AUX
fsr-3843	184	21	appropriate	appropriate	ADJ
fsr-3843	184	22	when	when	SCONJ
fsr-3843	184	23	a	a	DET
fsr-3843	184	24	portfolio	portfolio	NOUN
fsr-3843	184	25	is	be	AUX
fsr-3843	184	26	held	hold	VERB
fsr-3843	184	27	in	in	ADP
fsr-3843	184	28	combination	combination	NOUN
fsr-3843	184	29	with	with	ADP
fsr-3843	184	30	other	other	ADJ
fsr-3843	184	31	portfolios	portfolio	NOUN
fsr-3843	184	32	in	in	ADP
fsr-3843	184	33	a	a	DET
fsr-3843	184	34	larger	large	ADJ
fsr-3843	184	35	investment	investment	NOUN
fsr-3843	184	36	fund	fund	NOUN
fsr-3843	184	37	(	(	PUNCT
fsr-3843	184	38	treynor	treynor	NOUN
fsr-3843	184	39	,	,	PUNCT
fsr-3843	184	40	1965	1965	NUM
fsr-3843	184	41	)	)	PUNCT
fsr-3843	184	42	.	.	PUNCT
fsr-3843	185	1	in	in	ADP
fsr-3843	185	2	this	this	DET
fsr-3843	185	3	case	case	NOUN
fsr-3843	185	4	mean	mean	VERB
fsr-3843	185	5	excess	excess	ADJ
fsr-3843	185	6	return	return	NOUN
fsr-3843	185	7	should	should	AUX
fsr-3843	185	8	be	be	AUX
fsr-3843	185	9	weighed	weigh	VERB
fsr-3843	185	10	against	against	ADP
fsr-3843	185	11	the	the	DET
fsr-3843	185	12	portfolio	portfolio	NOUN
fsr-3843	185	13	's	's	PART
fsr-3843	185	14	systematic	systematic	ADJ
fsr-3843	185	15	risk	risk	NOUN
fsr-3843	185	16	and	and	CCONJ
fsr-3843	185	17	a	a	DET
fsr-3843	185	18	higher	high	ADJ
fsr-3843	185	19	ratio	ratio	NOUN
fsr-3843	185	20	indicates	indicate	VERB
fsr-3843	185	21	superior	superior	ADJ
fsr-3843	185	22	risk	risk	NOUN
fsr-3843	185	23	adjusted	adjust	VERB
fsr-3843	185	24	performance	performance	NOUN
fsr-3843	185	25	.	.	PUNCT
fsr-3843	186	1	over	over	ADP
fsr-3843	186	2	the	the	DET
fsr-3843	186	3	nine	nine	NUM
fsr-3843	186	4	years	year	NOUN
fsr-3843	186	5	of	of	ADP
fsr-3843	186	6	the	the	DET
fsr-3843	186	7	study	study	NOUN
fsr-3843	186	8	this	this	DET
fsr-3843	186	9	measure	measure	NOUN
fsr-3843	186	10	is	be	AUX
fsr-3843	186	11	0.0023	0.0023	NUM
fsr-3843	186	12	for	for	ADP
fsr-3843	186	13	the	the	DET
fsr-3843	186	14	switching	switch	VERB
fsr-3843	186	15	strategy	strategy	NOUN
fsr-3843	186	16	and	and	CCONJ
fsr-3843	186	17	0.00052	0.00052	NUM
fsr-3843	186	18	for	for	ADP
fsr-3843	186	19	the	the	DET
fsr-3843	186	20	buy	buy	VERB
fsr-3843	186	21	-	-	PUNCT
fsr-3843	186	22	and	and	CCONJ
fsr-3843	186	23	-	-	PUNCT
fsr-3843	186	24	hold	hold	VERB
fsr-3843	186	25	strategy	strategy	NOUN
fsr-3843	186	26	.	.	PUNCT
fsr-3843	187	1	the	the	DET
fsr-3843	187	2	third	third	ADJ
fsr-3843	187	3	investment	investment	NOUN
fsr-3843	187	4	assumption	assumption	NOUN
fsr-3843	187	5	has	have	VERB
fsr-3843	187	6	the	the	DET
fsr-3843	187	7	investor	investor	NOUN
fsr-3843	187	8	holding	hold	VERB
fsr-3843	187	9	the	the	DET
fsr-3843	187	10	strategy	strategy	NOUN
fsr-3843	187	11	in	in	ADP
fsr-3843	187	12	combination	combination	NOUN
fsr-3843	187	13	with	with	ADP
fsr-3843	187	14	a	a	DET
fsr-3843	187	15	passive	passive	ADJ
fsr-3843	187	16	market	market	NOUN
fsr-3843	187	17	index	index	NOUN
fsr-3843	187	18	.	.	PUNCT
fsr-3843	188	1	when	when	SCONJ
fsr-3843	188	2	the	the	DET
fsr-3843	188	3	two	two	NUM
fsr-3843	188	4	portfolios	portfolio	NOUN
fsr-3843	188	5	are	be	AUX
fsr-3843	188	6	optimally	optimally	ADV
fsr-3843	188	7	mixed	mix	VERB
fsr-3843	188	8	,	,	PUNCT
fsr-3843	188	9	the	the	DET
fsr-3843	188	10	appropriate	appropriate	ADJ
fsr-3843	188	11	performance	performance	NOUN
fsr-3843	188	12	measure	measure	NOUN
fsr-3843	188	13	is	be	AUX
fsr-3843	188	14	the	the	DET
fsr-3843	188	15	appraisal	appraisal	NOUN
fsr-3843	188	16	ratio	ratio	NOUN
fsr-3843	188	17	.	.	PUNCT
fsr-3843	189	1	this	this	DET
fsr-3843	189	2	measures	measure	VERB
fsr-3843	189	3	the	the	DET
fsr-3843	189	4	abnormal	abnormal	ADJ
fsr-3843	189	5	return	return	NOUN
fsr-3843	189	6	of	of	ADP
fsr-3843	189	7	the	the	DET
fsr-3843	189	8	active	active	ADJ
fsr-3843	189	9	portfolio	portfolio	NOUN
fsr-3843	189	10	relative	relative	ADJ
fsr-3843	189	11	to	to	ADP
fsr-3843	189	12	the	the	DET
fsr-3843	189	13	passive	passive	ADJ
fsr-3843	189	14	portfolio	portfolio	NOUN
fsr-3843	189	15	,	,	PUNCT
fsr-3843	189	16	per	per	ADP
fsr-3843	189	17	unit	unit	NOUN
fsr-3843	189	18	of	of	ADP
fsr-3843	189	19	diversifiable	diversifiable	ADJ
fsr-3843	189	20	risk	risk	NOUN
fsr-3843	189	21	(	(	PUNCT
fsr-3843	189	22	bodie	bodie	PROPN
fsr-3843	189	23	,	,	PUNCT
fsr-3843	189	24	kane	kane	PROPN
fsr-3843	189	25	,	,	PUNCT
fsr-3843	189	26	and	and	CCONJ
fsr-3843	189	27	marcus	marcus	PROPN
fsr-3843	189	28	,	,	PUNCT
fsr-3843	189	29	1996	1996	NUM
fsr-3843	189	30	)	)	PUNCT
fsr-3843	189	31	.	.	PUNCT
fsr-3843	190	1	abnormal	abnormal	ADJ
fsr-3843	190	2	return	return	NOUN
fsr-3843	190	3	is	be	AUX
fsr-3843	190	4	computed	compute	VERB
fsr-3843	190	5	as	as	ADP
fsr-3843	190	6	the	the	DET
fsr-3843	190	7	intercept	intercept	NOUN
fsr-3843	190	8	(	(	PUNCT
fsr-3843	190	9	jensen	jensen	PROPN
fsr-3843	190	10	's	's	PART
fsr-3843	190	11	alpha	alpha	NOUN
fsr-3843	190	12	)	)	PUNCT
fsr-3843	190	13	in	in	ADP
fsr-3843	190	14	a	a	DET
fsr-3843	190	15	regres	regre	NOUN
fsr-3843	190	16	sion	sion	NOUN
fsr-3843	190	17	of	of	ADP
fsr-3843	190	18	the	the	DET
fsr-3843	190	19	portfolio	portfolio	NOUN
fsr-3843	190	20	's	's	PART
fsr-3843	190	21	excess	excess	ADJ
fsr-3843	190	22	returns	return	NOUN
fsr-3843	190	23	onto	onto	ADP
fsr-3843	190	24	the	the	DET
fsr-3843	190	25	excess	excess	ADJ
fsr-3843	190	26	returns	return	NOUN
fsr-3843	190	27	of	of	ADP
fsr-3843	190	28	the	the	DET
fsr-3843	190	29	market	market	NOUN
fsr-3843	190	30	.	.	PUNCT
fsr-3843	191	1	the	the	DET
fsr-3843	191	2	s&p	s&p	PROPN
fsr-3843	191	3	500	500	NUM
fsr-3843	191	4	index	index	NOUN
fsr-3843	191	5	is	be	AUX
fsr-3843	191	6	used	use	VERB
fsr-3843	191	7	as	as	ADP
fsr-3843	191	8	the	the	DET
fsr-3843	191	9	proxy	proxy	NOUN
fsr-3843	191	10	for	for	ADP
fsr-3843	191	11	the	the	DET
fsr-3843	191	12	market	market	NOUN
fsr-3843	191	13	in	in	ADP
fsr-3843	191	14	this	this	DET
fsr-3843	191	15	regression	regression	NOUN
fsr-3843	191	16	.	.	PUNCT
fsr-3843	192	1	the	the	DET
fsr-3843	192	2	standard	standard	ADJ
fsr-3843	192	3	deviation	deviation	NOUN
fsr-3843	192	4	of	of	ADP
fsr-3843	192	5	the	the	DET
fsr-3843	192	6	residuals	residual	NOUN
fsr-3843	192	7	in	in	ADP
fsr-3843	192	8	the	the	DET
fsr-3843	192	9	regression	regression	NOUN
fsr-3843	192	10	is	be	AUX
fsr-3843	192	11	the	the	DET
fsr-3843	192	12	measure	measure	NOUN
fsr-3843	192	13	of	of	ADP
fsr-3843	192	14	diversifiable	diversifiable	ADJ
fsr-3843	192	15	risk	risk	NOUN
fsr-3843	192	16	.	.	PUNCT
fsr-3843	193	1	a	a	DET
fsr-3843	193	2	higher	high	ADJ
fsr-3843	193	3	ratio	ratio	NOUN
fsr-3843	193	4	indicates	indicate	VERB
fsr-3843	193	5	superior	superior	ADJ
fsr-3843	193	6	risk	risk	NOUN
fsr-3843	193	7	-	-	PUNCT
fsr-3843	193	8	adjusted	adjust	VERB
fsr-3843	193	9	performance	performance	NOUN
fsr-3843	193	10	.	.	PUNCT
fsr-3843	194	1	over	over	ADP
fsr-3843	194	2	the	the	DET
fsr-3843	194	3	nine	nine	NUM
fsr-3843	194	4	years	year	NOUN
fsr-3843	194	5	of	of	ADP
fsr-3843	194	6	the	the	DET
fsr-3843	194	7	study	study	NOUN
fsr-3843	194	8	the	the	DET
fsr-3843	194	9	appraisal	appraisal	NOUN
fsr-3843	194	10	ratio	ratio	NOUN
fsr-3843	194	11	is	be	AUX
fsr-3843	194	12	0.1367	0.1367	NUM
fsr-3843	194	13	for	for	ADP
fsr-3843	194	14	the	the	DET
fsr-3843	194	15	switching	switch	VERB
fsr-3843	194	16	strategy	strategy	NOUN
fsr-3843	194	17	and	and	CCONJ
fsr-3843	194	18	0.0638	0.0638	NUM
fsr-3843	194	19	for	for	ADP
fsr-3843	194	20	the	the	DET
fsr-3843	194	21	buy	buy	VERB
fsr-3843	194	22	-	-	PUNCT
fsr-3843	194	23	and	and	CCONJ
fsr-3843	194	24	-	-	PUNCT
fsr-3843	194	25	hold	hold	VERB
fsr-3843	194	26	strategy	strategy	NOUN
fsr-3843	194	27	.	.	PUNCT
fsr-3843	195	1	finally	finally	ADV
fsr-3843	195	2	,	,	PUNCT
fsr-3843	195	3	henzel	henzel	PROPN
fsr-3843	195	4	and	and	CCONJ
fsr-3843	195	5	ziemba	ziemba	PROPN
fsr-3843	195	6	note	note	VERB
fsr-3843	195	7	that	that	SCONJ
fsr-3843	195	8	low	low	ADJ
fsr-3843	195	9	correlations	correlation	NOUN
fsr-3843	195	10	between	between	ADP
fsr-3843	195	11	the	the	DET
fsr-3843	195	12	switching	switch	VERB
fsr-3843	195	13	strat	strat	PROPN
fsr-3843	195	14	egy	egy	PROPN
fsr-3843	195	15	's	's	PART
fsr-3843	195	16	returns	return	NOUN
fsr-3843	195	17	and	and	CCONJ
fsr-3843	195	18	returns	return	NOUN
fsr-3843	195	19	on	on	ADP
fsr-3843	195	20	alternative	alternative	ADJ
fsr-3843	195	21	investments	investment	NOUN
fsr-3843	195	22	provide	provide	VERB
fsr-3843	195	23	additional	additional	ADJ
fsr-3843	195	24	diversification	diversification	NOUN
fsr-3843	195	25	ben	ben	PROPN
fsr-3843	195	26	efits	efit	NOUN
fsr-3843	195	27	when	when	SCONJ
fsr-3843	195	28	the	the	DET
fsr-3843	195	29	strategy	strategy	NOUN
fsr-3843	195	30	is	be	AUX
fsr-3843	195	31	used	use	VERB
fsr-3843	195	32	in	in	ADP
fsr-3843	195	33	combination	combination	NOUN
fsr-3843	195	34	with	with	ADP
fsr-3843	195	35	other	other	ADJ
fsr-3843	195	36	assets	asset	NOUN
fsr-3843	195	37	.	.	PUNCT
fsr-3843	196	1	they	they	PRON
fsr-3843	196	2	report	report	VERB
fsr-3843	196	3	a	a	DET
fsr-3843	196	4	correlation	correlation	NOUN
fsr-3843	196	5	of	of	ADP
fsr-3843	196	6	0.46	0.46	NUM
fsr-3843	196	7	between	between	ADP
fsr-3843	196	8	the	the	DET
fsr-3843	196	9	switching	switch	VERB
fsr-3843	196	10	strategy	strategy	NOUN
fsr-3843	196	11	and	and	CCONJ
fsr-3843	196	12	the	the	DET
fsr-3843	196	13	s&p	s&p	PROPN
fsr-3843	196	14	500	500	NUM
fsr-3843	196	15	index	index	NOUN
fsr-3843	196	16	.	.	PUNCT
fsr-3843	197	1	we	we	PRON
fsr-3843	197	2	find	find	VERB
fsr-3843	197	3	that	that	SCONJ
fsr-3843	197	4	the	the	DET
fsr-3843	197	5	correlation	correlation	NOUN
fsr-3843	197	6	of	of	ADP
fsr-3843	197	7	the	the	DET
fsr-3843	197	8	stock	stock	NOUN
fsr-3843	197	9	account	account	NOUN
fsr-3843	197	10	with	with	ADP
fsr-3843	197	11	the	the	DET
fsr-3843	197	12	s&p	s&p	PROPN
fsr-3843	197	13	500	500	NUM
fsr-3843	197	14	index	index	NOUN
fsr-3843	197	15	drops	drop	VERB
fsr-3843	197	16	from	from	ADP
fsr-3843	197	17	97	97	NUM
fsr-3843	197	18	percent	percent	NOUN
fsr-3843	197	19	to	to	ADP
fsr-3843	197	20	50	50	NUM
fsr-3843	197	21	percent	percent	NOUN
fsr-3843	197	22	when	when	SCONJ
fsr-3843	197	23	the	the	DET
fsr-3843	197	24	stock	stock	NOUN
fsr-3843	197	25	account	account	NOUN
fsr-3843	197	26	is	be	AUX
fsr-3843	197	27	combined	combine	VERB
fsr-3843	197	28	with	with	ADP
fsr-3843	197	29	the	the	DET
fsr-3843	197	30	money	money	NOUN
fsr-3843	197	31	market	market	NOUN
fsr-3843	197	32	account	account	NOUN
fsr-3843	197	33	in	in	ADP
fsr-3843	197	34	the	the	DET
fsr-3843	197	35	switching	switch	VERB
fsr-3843	197	36	strategy	strategy	NOUN
fsr-3843	197	37	.	.	PUNCT
fsr-3843	198	1	based	base	VERB
fsr-3843	198	2	on	on	ADP
fsr-3843	198	3	the	the	DET
fsr-3843	198	4	three	three	NUM
fsr-3843	198	5	different	different	ADJ
fsr-3843	198	6	measures	measure	NOUN
fsr-3843	198	7	of	of	ADP
fsr-3843	198	8	risk	risk	NOUN
fsr-3843	198	9	-	-	PUNCT
fsr-3843	198	10	adjusted	adjust	VERB
fsr-3843	198	11	performance	performance	NOUN
fsr-3843	198	12	and	and	CCONJ
fsr-3843	198	13	the	the	DET
fsr-3843	198	14	low	low	ADJ
fsr-3843	198	15	correla	correla	PROPN
fsr-3843	198	16	tions	tion	NOUN
fsr-3843	198	17	,	,	PUNCT
fsr-3843	198	18	the	the	DET
fsr-3843	198	19	switching	switch	VERB
fsr-3843	198	20	strategy	strategy	NOUN
fsr-3843	198	21	is	be	AUX
fsr-3843	198	22	the	the	DET
fsr-3843	198	23	superior	superior	ADJ
fsr-3843	198	24	investment	investment	NOUN
fsr-3843	198	25	strategy	strategy	NOUN
fsr-3843	198	26	for	for	ADP
fsr-3843	198	27	all	all	DET
fsr-3843	198	28	investors	investor	NOUN
fsr-3843	198	29	.	.	PUNCT
fsr-3843	199	1	sub	sub	NOUN
fsr-3843	199	2	period	period	NOUN
fsr-3843	199	3	results	result	NOUN
fsr-3843	199	4	are	be	AUX
fsr-3843	199	5	reported	report	VERB
fsr-3843	199	6	in	in	ADP
fsr-3843	199	7	table	table	NOUN
fsr-3843	199	8	3	3	NUM
fsr-3843	199	9	and	and	CCONJ
fsr-3843	199	10	are	be	AUX
fsr-3843	199	11	consistent	consistent	ADJ
fsr-3843	199	12	with	with	ADP
fsr-3843	199	13	the	the	DET
fsr-3843	199	14	overall	overall	ADJ
fsr-3843	199	15	period	period	NOUN
fsr-3843	199	16	.	.	PUNCT
fsr-3843	200	1	vi	vi	X
fsr-3843	200	2	.	.	NOUN
fsr-3843	200	3	conclusion	conclusion	NOUN
fsr-3843	200	4	in	in	ADP
fsr-3843	200	5	this	this	DET
fsr-3843	200	6	study	study	NOUN
fsr-3843	200	7	we	we	PRON
fsr-3843	200	8	test	test	VERB
fsr-3843	200	9	whether	whether	SCONJ
fsr-3843	200	10	individual	individual	ADJ
fsr-3843	200	11	investors	investor	NOUN
fsr-3843	200	12	can	can	AUX
fsr-3843	200	13	exploit	exploit	VERB
fsr-3843	200	14	the	the	DET
fsr-3843	200	15	turn	turn	VERB
fsr-3843	200	16	-	-	PUNCT
fsr-3843	200	17	of	of	ADP
fsr-3843	200	18	-	-	PUNCT
fsr-3843	200	19	the	the	DET
fsr-3843	200	20	-	-	PUNCT
fsr-3843	200	21	month	month	NOUN
fsr-3843	200	22	effect	effect	NOUN
fsr-3843	200	23	with	with	ADP
fsr-3843	200	24	a	a	DET
fsr-3843	200	25	simple	simple	ADJ
fsr-3843	200	26	switching	switching	NOUN
fsr-3843	200	27	strategy	strategy	NOUN
fsr-3843	200	28	in	in	ADP
fsr-3843	200	29	a	a	DET
fsr-3843	200	30	tax	tax	NOUN
fsr-3843	200	31	-	-	PUNCT
fsr-3843	200	32	deferred	defer	VERB
fsr-3843	200	33	,	,	PUNCT
fsr-3843	200	34	no	no	DET
fsr-3843	200	35	cost	cost	NOUN
fsr-3843	200	36	retirement	retirement	NOUN
fsr-3843	200	37	plan	plan	NOUN
fsr-3843	200	38	.	.	PUNCT
fsr-3843	201	1	using	use	VERB
fsr-3843	201	2	daily	daily	ADJ
fsr-3843	201	3	closing	closing	NOUN
fsr-3843	201	4	prices	price	NOUN
fsr-3843	201	5	for	for	ADP
fsr-3843	201	6	a	a	DET
fsr-3843	201	7	money	money	NOUN
fsr-3843	201	8	market	market	NOUN
fsr-3843	201	9	account	account	NOUN
fsr-3843	201	10	and	and	CCONJ
fsr-3843	201	11	a	a	DET
fsr-3843	201	12	broadly	broadly	ADV
fsr-3843	201	13	diversified	diversify	VERB
fsr-3843	201	14	stock	stock	NOUN
fsr-3843	201	15	account	account	NOUN
fsr-3843	201	16	,	,	PUNCT
fsr-3843	201	17	we	we	PRON
fsr-3843	201	18	find	find	VERB
fsr-3843	201	19	that	that	SCONJ
fsr-3843	201	20	individual	individual	ADJ
fsr-3843	201	21	investors	investor	NOUN
fsr-3843	201	22	who	who	PRON
fsr-3843	201	23	use	use	VERB
fsr-3843	201	24	the	the	DET
fsr-3843	201	25	switching	switch	VERB
fsr-3843	201	26	strategy	strategy	NOUN
fsr-3843	201	27	can	can	AUX
fsr-3843	201	28	improve	improve	VERB
fsr-3843	201	29	the	the	DET
fsr-3843	201	30	performance	performance	NOUN
fsr-3843	201	31	of	of	ADP
fsr-3843	201	32	their	their	PRON
fsr-3843	201	33	retirement	retirement	NOUN
fsr-3843	201	34	accounts	account	NOUN
fsr-3843	201	35	.	.	PUNCT
fsr-3843	202	1	the	the	DET
fsr-3843	202	2	superior	superior	ADJ
fsr-3843	202	3	performance	performance	NOUN
fsr-3843	202	4	of	of	ADP
fsr-3843	202	5	the	the	DET
fsr-3843	202	6	switching	switch	VERB
fsr-3843	202	7	strategy	strategy	NOUN
fsr-3843	202	8	over	over	ADP
fsr-3843	202	9	a	a	DET
fsr-3843	202	10	simple	simple	ADJ
fsr-3843	202	11	buy	buy	NOUN
fsr-3843	202	12	-	-	PUNCT
fsr-3843	202	13	andhold	andhold	VERB
fsr-3843	202	14	strategy	strategy	NOUN
fsr-3843	202	15	is	be	AUX
fsr-3843	202	16	demonstrated	demonstrate	VERB
fsr-3843	202	17	using	use	VERB
fsr-3843	202	18	three	three	NUM
fsr-3843	202	19	measures	measure	NOUN
fsr-3843	202	20	of	of	ADP
fsr-3843	202	21	risk	risk	NOUN
fsr-3843	202	22	-	-	PUNCT
fsr-3843	202	23	adjusted	adjust	VERB
fsr-3843	202	24	performance	performance	NOUN
fsr-3843	202	25	that	that	PRON
fsr-3843	202	26	are	be	AUX
fsr-3843	202	27	each	each	ADV
fsr-3843	202	28	consistent	consistent	ADJ
fsr-3843	202	29	with	with	ADP
fsr-3843	202	30	a	a	DET
fsr-3843	202	31	different	different	ADJ
fsr-3843	202	32	investment	investment	NOUN
fsr-3843	202	33	plan	plan	NOUN
fsr-3843	202	34	or	or	CCONJ
fsr-3843	202	35	objective	objective	NOUN
fsr-3843	202	36	.	.	PUNCT
fsr-3843	203	1	whether	whether	SCONJ
fsr-3843	203	2	the	the	DET
fsr-3843	203	3	invest	inv	ADJ
fsr-3843	203	4	ment	ment	NOUN
fsr-3843	203	5	strategy	strategy	NOUN
fsr-3843	203	6	is	be	AUX
fsr-3843	203	7	intended	intend	VERB
fsr-3843	203	8	as	as	ADP
fsr-3843	203	9	the	the	DET
fsr-3843	203	10	sole	sole	ADJ
fsr-3843	203	11	investment	investment	NOUN
fsr-3843	203	12	of	of	ADP
fsr-3843	203	13	a	a	DET
fsr-3843	203	14	portfolio	portfolio	NOUN
fsr-3843	203	15	,	,	PUNCT
fsr-3843	203	16	whether	whether	SCONJ
fsr-3843	203	17	it	it	PRON
fsr-3843	203	18	is	be	AUX
fsr-3843	203	19	intended	intend	VERB
fsr-3843	203	20	to	to	PART
fsr-3843	203	21	be	be	AUX
fsr-3843	203	22	held	hold	VERB
fsr-3843	203	23	in	in	ADP
fsr-3843	203	24	combination	combination	NOUN
fsr-3843	203	25	with	with	ADP
fsr-3843	203	26	many	many	ADJ
fsr-3843	203	27	other	other	ADJ
fsr-3843	203	28	investments	investment	NOUN
fsr-3843	203	29	,	,	PUNCT
fsr-3843	203	30	or	or	CCONJ
fsr-3843	203	31	whether	whether	SCONJ
fsr-3843	203	32	it	it	PRON
fsr-3843	203	33	is	be	AUX
fsr-3843	203	34	to	to	PART
fsr-3843	203	35	be	be	AUX
fsr-3843	203	36	combined	combine	VERB
fsr-3843	203	37	with	with	ADP
fsr-3843	203	38	a	a	DET
fsr-3843	203	39	a	a	DET
fsr-3843	203	40	tax.free	tax.free	NUM
fsr-3843	203	41	exploitation	exploitation	NOUN
fsr-3843	203	42	21	21	NUM
fsr-3843	203	43	passive	passive	ADJ
fsr-3843	203	44	market	market	NOUN
fsr-3843	203	45	portfolio	portfolio	NOUN
fsr-3843	203	46	,	,	PUNCT
fsr-3843	203	47	the	the	DET
fsr-3843	203	48	switching	switch	VERB
fsr-3843	203	49	strategy	strategy	NOUN
fsr-3843	203	50	achieves	achieve	VERB
fsr-3843	203	51	superior	superior	ADJ
fsr-3843	203	52	risk	risk	NOUN
fsr-3843	203	53	-	-	PUNCT
fsr-3843	203	54	adjusted	adjust	VERB
fsr-3843	203	55	perfor	perfor	NOUN
fsr-3843	203	56	mance	mance	NOUN
fsr-3843	203	57	under	under	ADP
fsr-3843	203	58	each	each	DET
fsr-3843	203	59	scenario	scenario	NOUN
fsr-3843	203	60	.	.	PUNCT
fsr-3843	204	1	a	a	DET
fsr-3843	204	2	consequence	consequence	NOUN
fsr-3843	204	3	of	of	ADP
fsr-3843	204	4	the	the	DET
fsr-3843	204	5	switching	switch	VERB
fsr-3843	204	6	strategy	strategy	NOUN
fsr-3843	204	7	is	be	AUX
fsr-3843	204	8	the	the	DET
fsr-3843	204	9	free	free	ADJ
fsr-3843	204	10	-	-	PUNCT
fsr-3843	204	11	rider	rider	NOUN
fsr-3843	204	12	problem	problem	NOUN
fsr-3843	204	13	that	that	PRON
fsr-3843	204	14	may	may	AUX
fsr-3843	204	15	exist	exist	VERB
fsr-3843	204	16	in	in	ADP
fsr-3843	204	17	the	the	DET
fsr-3843	204	18	many	many	ADJ
fsr-3843	204	19	types	type	NOUN
fsr-3843	204	20	of	of	ADP
fsr-3843	204	21	retirement	retirement	NOUN
fsr-3843	204	22	accounts	account	NOUN
fsr-3843	204	23	,	,	PUNCT
fsr-3843	204	24	including	include	VERB
fsr-3843	204	25	qualified	qualified	ADJ
fsr-3843	204	26	retirement	retirement	NOUN
fsr-3843	204	27	plans	plan	NOUN
fsr-3843	204	28	and	and	CCONJ
fsr-3843	204	29	variable	variable	ADJ
fsr-3843	204	30	annu	annu	NOUN
fsr-3843	204	31	ities	itie	NOUN
fsr-3843	204	32	,	,	PUNCT
fsr-3843	204	33	where	where	SCONJ
fsr-3843	204	34	the	the	DET
fsr-3843	204	35	strategy	strategy	NOUN
fsr-3843	204	36	could	could	AUX
fsr-3843	204	37	be	be	AUX
fsr-3843	204	38	used	use	VERB
fsr-3843	204	39	.	.	PUNCT
fsr-3843	205	1	this	this	PRON
fsr-3843	205	2	is	be	AUX
fsr-3843	205	3	potentially	potentially	ADV
fsr-3843	205	4	a	a	DET
fsr-3843	205	5	problem	problem	NOUN
fsr-3843	205	6	when	when	SCONJ
fsr-3843	205	7	no	no	DET
fsr-3843	205	8	fees	fee	NOUN
fsr-3843	205	9	are	be	AUX
fsr-3843	205	10	lev	lev	NOUN
fsr-3843	205	11	ied	ied	PROPN
fsr-3843	205	12	on	on	ADP
fsr-3843	205	13	exchanges	exchange	NOUN
fsr-3843	205	14	between	between	ADP
fsr-3843	205	15	accounts	account	NOUN
fsr-3843	205	16	and	and	CCONJ
fsr-3843	205	17	no	no	DET
fsr-3843	205	18	restrictions	restriction	NOUN
fsr-3843	205	19	are	be	AUX
fsr-3843	205	20	placed	place	VERB
fsr-3843	205	21	on	on	ADP
fsr-3843	205	22	the	the	DET
fsr-3843	205	23	number	number	NOUN
fsr-3843	205	24	of	of	ADP
fsr-3843	205	25	exchanges	exchange	NOUN
fsr-3843	205	26	allowed	allow	VERB
fsr-3843	205	27	.	.	PUNCT
fsr-3843	206	1	although	although	SCONJ
fsr-3843	206	2	plan	plan	NOUN
fsr-3843	206	3	participants	participant	NOUN
fsr-3843	206	4	can	can	AUX
fsr-3843	206	5	earn	earn	VERB
fsr-3843	206	6	superior	superior	ADJ
fsr-3843	206	7	risk	risk	NOUN
fsr-3843	206	8	-	-	PUNCT
fsr-3843	206	9	adjusted	adjust	VERB
fsr-3843	206	10	returns	return	NOUN
fsr-3843	206	11	through	through	ADP
fsr-3843	206	12	frequent	frequent	ADJ
fsr-3843	206	13	switching	switching	NOUN
fsr-3843	206	14	,	,	PUNCT
fsr-3843	206	15	this	this	PRON
fsr-3843	206	16	increases	increase	VERB
fsr-3843	206	17	the	the	DET
fsr-3843	206	18	fund	fund	NOUN
fsr-3843	206	19	's	's	PART
fsr-3843	206	20	operating	operating	NOUN
fsr-3843	206	21	cost	cost	NOUN
fsr-3843	206	22	and	and	CCONJ
fsr-3843	206	23	places	place	VERB
fsr-3843	206	24	an	an	DET
fsr-3843	206	25	unfair	unfair	ADJ
fsr-3843	206	26	burden	burden	NOUN
fsr-3843	206	27	on	on	ADP
fsr-3843	206	28	the	the	DET
fsr-3843	206	29	plan	plan	NOUN
fsr-3843	206	30	participants	participant	NOUN
fsr-3843	206	31	who	who	PRON
fsr-3843	206	32	do	do	AUX
fsr-3843	206	33	not	not	PART
fsr-3843	206	34	employ	employ	VERB
fsr-3843	206	35	the	the	DET
fsr-3843	206	36	switching	switch	VERB
fsr-3843	206	37	strategy	strategy	NOUN
fsr-3843	206	38	.	.	PUNCT
fsr-3843	207	1	to	to	PART
fsr-3843	207	2	address	address	VERB
fsr-3843	207	3	this	this	DET
fsr-3843	207	4	problem	problem	NOUN
fsr-3843	207	5	investment	investment	NOUN
fsr-3843	207	6	companies	company	NOUN
fsr-3843	207	7	may	may	AUX
fsr-3843	207	8	eventually	eventually	ADV
fsr-3843	207	9	limit	limit	VERB
fsr-3843	207	10	the	the	DET
fsr-3843	207	11	number	number	NOUN
fsr-3843	207	12	of	of	ADP
fsr-3843	207	13	transfers	transfer	NOUN
fsr-3843	207	14	between	between	ADP
fsr-3843	207	15	accounts	account	NOUN
fsr-3843	207	16	and/or	and/or	CCONJ
fsr-3843	207	17	charge	charge	VERB
fsr-3843	207	18	a	a	DET
fsr-3843	207	19	fee	fee	NOUN
fsr-3843	207	20	for	for	ADP
fsr-3843	207	21	each	each	DET
fsr-3843	207	22	transfer	transfer	NOUN
fsr-3843	207	23	.	.	PUNCT
fsr-3843	208	1	there	there	PRON
fsr-3843	208	2	are	be	VERB
fsr-3843	208	3	also	also	ADV
fsr-3843	208	4	public	public	ADJ
fsr-3843	208	5	policy	policy	NOUN
fsr-3843	208	6	issues	issue	NOUN
fsr-3843	208	7	to	to	PART
fsr-3843	208	8	consider	consider	VERB
fsr-3843	208	9	.	.	PUNCT
fsr-3843	209	1	efforts	effort	NOUN
fsr-3843	209	2	in	in	ADP
fsr-3843	209	3	washington	washington	PROPN
fsr-3843	209	4	to	to	PART
fsr-3843	209	5	eliminate	eliminate	VERB
fsr-3843	209	6	the	the	DET
fsr-3843	209	7	tax	tax	NOUN
fsr-3843	209	8	-	-	PUNCT
fsr-3843	209	9	exempt	exempt	ADJ
fsr-3843	209	10	status	status	NOUN
fsr-3843	209	11	of	of	ADP
fsr-3843	209	12	certain	certain	ADJ
fsr-3843	209	13	events	event	NOUN
fsr-3843	209	14	related	relate	VERB
fsr-3843	209	15	to	to	ADP
fsr-3843	209	16	variable	variable	ADJ
fsr-3843	209	17	annuities	annuity	NOUN
fsr-3843	209	18	,	,	PUNCT
fsr-3843	209	19	such	such	ADJ
fsr-3843	209	20	as	as	ADP
fsr-3843	209	21	account	account	NOUN
fsr-3843	209	22	switching	switching	NOUN
fsr-3843	209	23	,	,	PUNCT
fsr-3843	209	24	are	be	AUX
fsr-3843	209	25	not	not	PART
fsr-3843	209	26	uncommon	uncommon	ADJ
fsr-3843	209	27	and	and	CCONJ
fsr-3843	209	28	widespread	widespread	ADJ
fsr-3843	209	29	use	use	NOUN
fsr-3843	209	30	of	of	ADP
fsr-3843	209	31	switching	switch	VERB
fsr-3843	209	32	strategies	strategy	NOUN
fsr-3843	209	33	may	may	AUX
fsr-3843	209	34	add	add	VERB
fsr-3843	209	35	fuel	fuel	NOUN
fsr-3843	209	36	to	to	ADP
fsr-3843	209	37	the	the	DET
fsr-3843	209	38	forces	force	NOUN
fsr-3843	209	39	that	that	PRON
fsr-3843	209	40	are	be	AUX
fsr-3843	209	41	demanding	demand	VERB
fsr-3843	209	42	a	a	DET
fsr-3843	209	43	new	new	ADJ
fsr-3843	209	44	tax	tax	NOUN
fsr-3843	209	45	on	on	ADP
fsr-3843	209	46	exchanges	exchange	NOUN
fsr-3843	209	47	.	.	PUNCT
fsr-3843	210	1	however	however	ADV
fsr-3843	210	2	,	,	PUNCT
fsr-3843	210	3	we	we	PRON
fsr-3843	210	4	must	must	AUX
fsr-3843	210	5	recognize	recognize	VERB
fsr-3843	210	6	that	that	SCONJ
fsr-3843	210	7	when	when	SCONJ
fsr-3843	210	8	such	such	ADJ
fsr-3843	210	9	opportunities	opportunity	NOUN
fsr-3843	210	10	exist	exist	VERB
fsr-3843	210	11	,	,	PUNCT
fsr-3843	210	12	investors	investor	NOUN
fsr-3843	210	13	will	will	AUX
fsr-3843	210	14	seek	seek	VERB
fsr-3843	210	15	to	to	PART
fsr-3843	210	16	exploit	exploit	VERB
fsr-3843	210	17	them	they	PRON
fsr-3843	210	18	.	.	PUNCT
fsr-3843	211	1	a	a	DET
fsr-3843	211	2	recent	recent	ADJ
fsr-3843	211	3	article	article	NOUN
fsr-3843	211	4	in	in	ADP
fsr-3843	211	5	the	the	DET
fsr-3843	211	6	wall	wall	PROPN
fsr-3843	211	7	street	street	PROPN
fsr-3843	211	8	journal	journal	PROPN
fsr-3843	211	9	suggests	suggest	VERB
fsr-3843	211	10	:	:	PUNCT
fsr-3843	211	11	"	"	PUNCT
fsr-3843	211	12	if	if	SCONJ
fsr-3843	211	13	you	you	PRON
fsr-3843	211	14	are	be	AUX
fsr-3843	211	15	going	go	VERB
fsr-3843	211	16	to	to	PART
fsr-3843	211	17	trade	trade	VERB
fsr-3843	211	18	and	and	CCONJ
fsr-3843	211	19	still	still	ADV
fsr-3843	211	20	have	have	VERB
fsr-3843	211	21	some	some	DET
fsr-3843	211	22	slim	slim	ADJ
fsr-3843	211	23	hope	hope	NOUN
fsr-3843	211	24	of	of	ADP
fsr-3843	211	25	beating	beat	VERB
fsr-3843	211	26	the	the	DET
fsr-3843	211	27	market	market	NOUN
fsr-3843	211	28	,	,	PUNCT
fsr-3843	211	29	you	you	PRON
fsr-3843	211	30	really	really	ADV
fsr-3843	211	31	need	need	VERB
fsr-3843	211	32	to	to	PART
fsr-3843	211	33	do	do	VERB
fsr-3843	211	34	your	your	PRON
fsr-3843	211	35	buying	buying	NOUN
fsr-3843	211	36	and	and	CCONJ
fsr-3843	211	37	selling	selling	NOUN
fsr-3843	211	38	in	in	ADP
fsr-3843	211	39	a	a	DET
fsr-3843	211	40	retirement	retirement	NOUN
fsr-3843	211	41	account	account	NOUN
fsr-3843	211	42	"	"	PUNCT
fsr-3843	211	43	(	(	PUNCT
fsr-3843	211	44	clements	clements	PROPN
fsr-3843	211	45	,	,	PUNCT
fsr-3843	211	46	p.	p.	NOUN
fsr-3843	211	47	c	c	PROPN
fsr-3843	212	1	1	1	NUM
fsr-3843	212	2	)	)	PUNCT
fsr-3843	212	3	.	.	PUNCT
fsr-3843	213	1	as	as	ADV
fsr-3843	213	2	long	long	ADV
fsr-3843	213	3	as	as	ADP
fsr-3843	213	4	current	current	ADJ
fsr-3843	213	5	tax	tax	NOUN
fsr-3843	213	6	laws	law	NOUN
fsr-3843	213	7	and	and	CCONJ
fsr-3843	213	8	investment	investment	NOUN
fsr-3843	213	9	company	company	NOUN
fsr-3843	213	10	policies	policy	NOUN
fsr-3843	213	11	allow	allow	VERB
fsr-3843	213	12	frequent	frequent	ADJ
fsr-3843	213	13	switch	switch	NOUN
fsr-3843	213	14	ing	ing	ADJ
fsr-3843	213	15	,	,	PUNCT
fsr-3843	213	16	investors	investor	NOUN
fsr-3843	213	17	may	may	AUX
fsr-3843	213	18	consider	consider	VERB
fsr-3843	213	19	the	the	DET
fsr-3843	213	20	turn	turn	VERB
fsr-3843	213	21	-	-	PUNCT
fsr-3843	213	22	ofthe	ofthe	NOUN
fsr-3843	213	23	-	-	PUNCT
fsr-3843	213	24	month	month	NOUN
fsr-3843	213	25	switching	switching	NOUN
fsr-3843	213	26	strategy	strategy	NOUN
fsr-3843	213	27	as	as	ADP
fsr-3843	213	28	an	an	DET
fsr-3843	213	29	easy	easy	ADJ
fsr-3843	213	30	way	way	NOUN
fsr-3843	213	31	to	to	PART
fsr-3843	213	32	enhance	enhance	VERB
fsr-3843	213	33	the	the	DET
fsr-3843	213	34	performance	performance	NOUN
fsr-3843	213	35	of	of	ADP
fsr-3843	213	36	their	their	PRON
fsr-3843	213	37	retirement	retirement	NOUN
fsr-3843	213	38	portfolio	portfolio	NOUN
fsr-3843	213	39	while	while	SCONJ
fsr-3843	213	40	at	at	ADP
fsr-3843	213	41	the	the	DET
fsr-3843	213	42	same	same	ADJ
fsr-3843	213	43	time	time	NOUN
fsr-3843	213	44	achieving	achieve	VERB
fsr-3843	213	45	a	a	DET
fsr-3843	213	46	considerable	considerable	ADJ
fsr-3843	213	47	reduction	reduction	NOUN
fsr-3843	213	48	in	in	ADP
fsr-3843	213	49	risk	risk	NOUN
fsr-3843	213	50	.	.	PUNCT
fsr-3843	214	1	references	reference	NOUN
fsr-3843	214	2	ariel	ariel	PROPN
fsr-3843	214	3	,	,	PUNCT
fsr-3843	214	4	r.	r.	PROPN
fsr-3843	214	5	(	(	PUNCT
fsr-3843	214	6	1987	1987	NUM
fsr-3843	214	7	)	)	PUNCT
fsr-3843	214	8	.	.	PUNCT
fsr-3843	215	1	a	a	DET
fsr-3843	215	2	monthly	monthly	ADJ
fsr-3843	215	3	effect	effect	NOUN
fsr-3843	215	4	in	in	ADP
fsr-3843	215	5	stock	stock	NOUN
fsr-3843	215	6	returns	return	NOUN
fsr-3843	215	7	.	.	PUNCT
fsr-3843	216	1	journal	journal	NOUN
fsr-3843	216	2	of	of	ADP
fsr-3843	216	3	financial	financial	ADJ
fsr-3843	216	4	economics	economic	NOUN
fsr-3843	216	5	,	,	PUNCT
fsr-3843	216	6	18	18	NUM
fsr-3843	216	7	,	,	PUNCT
fsr-3843	216	8	161	161	NUM
fsr-3843	216	9	-	-	SYM
fsr-3843	216	10	174	174	NUM
fsr-3843	216	11	.	.	PUNCT
fsr-3843	217	1	abraham	abraham	PROPN
fsr-3843	217	2	,	,	PUNCT
fsr-3843	217	3	a.	a.	PROPN
fsr-3843	217	4	,	,	PUNCT
fsr-3843	217	5	&	&	CCONJ
fsr-3843	217	6	ikenberry	ikenberry	PROPN
fsr-3843	217	7	,	,	PUNCT
fsr-3843	217	8	d.	d.	PROPN
fsr-3843	217	9	(	(	PUNCT
fsr-3843	217	10	1994	1994	NUM
fsr-3843	217	11	)	)	PUNCT
fsr-3843	217	12	.	.	PUNCT
fsr-3843	218	1	the	the	DET
fsr-3843	218	2	individual	individual	ADJ
fsr-3843	218	3	investor	investor	NOUN
fsr-3843	218	4	and	and	CCONJ
fsr-3843	218	5	the	the	DET
fsr-3843	218	6	weekend	weekend	NOUN
fsr-3843	218	7	effect	effect	NOUN
fsr-3843	218	8	.	.	PUNCT
fsr-3843	219	1	journal	journal	NOUN
fsr-3843	219	2	of	of	ADP
fsr-3843	219	3	financial	financial	ADJ
fsr-3843	219	4	and	and	CCONJ
fsr-3843	219	5	quantitative	quantitative	ADJ
fsr-3843	219	6	analysis	analysis	NOUN
fsr-3843	219	7	,	,	PUNCT
fsr-3843	219	8	29	29	NUM
fsr-3843	219	9	,	,	PUNCT
fsr-3843	219	10	263	263	NUM
fsr-3843	219	11	-	-	SYM
fsr-3843	219	12	277	277	NUM
fsr-3843	219	13	.	.	PUNCT
fsr-3843	220	1	athanassakos	athanassakos	PROPN
fsr-3843	220	2	,	,	PUNCT
fsr-3843	220	3	g.	g.	PROPN
fsr-3843	220	4	,	,	PUNCT
fsr-3843	220	5	&	&	CCONJ
fsr-3843	220	6	robinson	robinson	PROPN
fsr-3843	220	7	,	,	PUNCT
fsr-3843	220	8	m.	m.	NOUN
fsr-3843	220	9	(	(	PUNCT
fsr-3843	220	10	1994	1994	NUM
fsr-3843	220	11	)	)	PUNCT
fsr-3843	220	12	.	.	PUNCT
fsr-3843	221	1	the	the	DET
fsr-3843	221	2	day	day	NOUN
fsr-3843	221	3	-	-	PUNCT
fsr-3843	221	4	of	of	ADP
fsr-3843	221	5	-	-	PUNCT
fsr-3843	221	6	the	the	DET
fsr-3843	221	7	-	-	PUNCT
fsr-3843	221	8	week	week	NOUN
fsr-3843	221	9	anomaly	anomaly	NOUN
fsr-3843	221	10	:	:	PUNCT
fsr-3843	221	11	the	the	DET
fsr-3843	221	12	toronto	toronto	PROPN
fsr-3843	221	13	stock	stock	PROPN
fsr-3843	221	14	exchange	exchange	PROPN
fsr-3843	221	15	experience	experience	NOUN
fsr-3843	221	16	.	.	PUNCT
fsr-3843	222	1	journal	journal	NOUN
fsr-3843	222	2	of	of	ADP
fsr-3843	222	3	business	business	NOUN
fsr-3843	222	4	finance	finance	PROPN
fsr-3843	222	5	&	&	CCONJ
fsr-3843	222	6	accounting	accounting	PROPN
fsr-3843	222	7	,	,	PUNCT
fsr-3843	222	8	21,833	21,833	NUM
fsr-3843	222	9	-	-	SYM
fsr-3843	222	10	856	856	NUM
fsr-3843	222	11	.	.	PUNCT
fsr-3843	223	1	bodie	bodie	PROPN
fsr-3843	223	2	,	,	PUNCT
fsr-3843	223	3	z.	z.	PROPN
fsr-3843	223	4	,	,	PUNCT
fsr-3843	223	5	kane	kane	PROPN
fsr-3843	223	6	,	,	PUNCT
fsr-3843	223	7	a.	a.	PROPN
fsr-3843	223	8	,	,	PUNCT
fsr-3843	223	9	&	&	CCONJ
fsr-3843	223	10	marcus	marcus	PROPN
fsr-3843	223	11	,	,	PUNCT
fsr-3843	223	12	a.	a.	NOUN
fsr-3843	223	13	(	(	PUNCT
fsr-3843	223	14	1996	1996	NUM
fsr-3843	223	15	)	)	PUNCT
fsr-3843	223	16	.	.	PUNCT
fsr-3843	224	1	investments	investment	NOUN
fsr-3843	224	2	(	(	PUNCT
fsr-3843	224	3	3rd	3rd	ADJ
fsr-3843	224	4	ed	ed	NOUN
fsr-3843	224	5	.	.	PUNCT
fsr-3843	224	6	)	)	PUNCT
fsr-3843	224	7	.	.	PUNCT
fsr-3843	225	1	chicago	chicago	PROPN
fsr-3843	225	2	:	:	PUNCT
fsr-3843	226	1	irwin	irwin	PROPN
fsr-3843	226	2	.	.	PROPN
fsr-3843	226	3	chan	chan	PROPN
fsr-3843	226	4	,	,	PUNCT
fsr-3843	226	5	k.	k.	PROPN
fsr-3843	226	6	,	,	PUNCT
fsr-3843	226	7	chen	chen	PROPN
fsr-3843	226	8	,	,	PUNCT
fsr-3843	226	9	n.	n.	PROPN
fsr-3843	226	10	,	,	PUNCT
fsr-3843	226	11	&	&	CCONJ
fsr-3843	226	12	hsieh	hsieh	PROPN
fsr-3843	226	13	,	,	PUNCT
fsr-3843	226	14	d.	d.	PROPN
fsr-3843	226	15	(	(	PUNCT
fsr-3843	226	16	1985	1985	NUM
fsr-3843	226	17	)	)	PUNCT
fsr-3843	226	18	.	.	PUNCT
fsr-3843	227	1	an	an	DET
fsr-3843	227	2	exploratory	exploratory	ADJ
fsr-3843	227	3	investigation	investigation	NOUN
fsr-3843	227	4	of	of	ADP
fsr-3843	227	5	the	the	DET
fsr-3843	227	6	firm	firm	ADJ
fsr-3843	227	7	size	size	NOUN
fsr-3843	227	8	effect	effect	NOUN
fsr-3843	227	9	.	.	PUNCT
fsr-3843	228	1	journal	journal	NOUN
fsr-3843	228	2	of	of	ADP
fsr-3843	228	3	financial	financial	ADJ
fsr-3843	228	4	economics	economic	NOUN
fsr-3843	228	5	,	,	PUNCT
fsr-3843	228	6	14	14	NUM
fsr-3843	228	7	,	,	PUNCT
fsr-3843	228	8	451	451	NUM
fsr-3843	228	9	-	-	PUNCT
fsr-3843	228	10	-471	-471	PROPN
fsr-3843	228	11	.	.	PUNCT
fsr-3843	228	12	chow	chow	PROPN
fsr-3843	228	13	,	,	PUNCT
fsr-3843	228	14	e.	e.	PROPN
fsr-3843	228	15	,	,	PUNCT
fsr-3843	228	16	hsiao	hsiao	PROPN
fsr-3843	228	17	,	,	PUNCT
fsr-3843	228	18	p.	p.	PROPN
fsr-3843	228	19	,	,	PUNCT
fsr-3843	228	20	&	&	CCONJ
fsr-3843	228	21	solt	solt	PROPN
fsr-3843	228	22	,	,	PUNCT
fsr-3843	228	23	m.	m.	NOUN
fsr-3843	228	24	(	(	PUNCT
fsr-3843	228	25	1997	1997	NUM
fsr-3843	228	26	)	)	PUNCT
fsr-3843	228	27	.	.	PUNCT
fsr-3843	229	1	trading	trading	NOUN
fsr-3843	229	2	returns	return	NOUN
fsr-3843	229	3	for	for	ADP
fsr-3843	229	4	the	the	DET
fsr-3843	229	5	weekend	weekend	NOUN
fsr-3843	229	6	effect	effect	NOUN
fsr-3843	229	7	using	use	VERB
fsr-3843	229	8	intraday	intraday	PROPN
fsr-3843	229	9	data	datum	NOUN
fsr-3843	229	10	.	.	PUNCT
fsr-3843	230	1	journal	journal	PROPN
fsr-3843	230	2	of	of	ADP
fsr-3843	230	3	business	business	NOUN
fsr-3843	230	4	finance	finance	PROPN
fsr-3843	230	5	&	&	CCONJ
fsr-3843	230	6	accounting	accounting	PROPN
fsr-3843	230	7	,	,	PUNCT
fsr-3843	230	8	24	24	NUM
fsr-3843	230	9	,	,	PUNCT
fsr-3843	230	10	425	425	NUM
fsr-3843	230	11	-	-	SYM
fsr-3843	230	12	444	444	NUM
fsr-3843	230	13	.	.	PUNCT
fsr-3843	231	1	clements	clements	PROPN
fsr-3843	231	2	,	,	PUNCT
fsr-3843	231	3	j.	j.	PROPN
fsr-3843	231	4	(	(	PUNCT
fsr-3843	231	5	1998	1998	NUM
fsr-3843	231	6	,	,	PUNCT
fsr-3843	231	7	march	march	PROPN
fsr-3843	231	8	24	24	NUM
fsr-3843	231	9	)	)	PUNCT
fsr-3843	231	10	.	.	PUNCT
fsr-3843	232	1	if	if	SCONJ
fsr-3843	232	2	you	you	PRON
fsr-3843	232	3	fancy	fancy	VERB
fsr-3843	232	4	yourself	yourself	PRON
fsr-3843	232	5	a	a	DET
fsr-3843	232	6	stock	stock	NOUN
fsr-3843	232	7	trader	trader	NOUN
fsr-3843	232	8	,	,	PUNCT
fsr-3843	232	9	put	put	VERB
fsr-3843	232	10	your	your	PRON
fsr-3843	232	11	retirement	retirement	NOUN
fsr-3843	232	12	account	account	NOUN
fsr-3843	232	13	to	to	ADP
fsr-3843	232	14	work	work	VERB
fsr-3843	232	15	.	.	PUNCT
fsr-3843	233	1	the	the	DET
fsr-3843	233	2	wall	wall	PROPN
fsr-3843	233	3	street	street	PROPN
fsr-3843	233	4	journal	journal	PROPN
fsr-3843	233	5	,	,	PUNCT
fsr-3843	233	6	p.	p.	NOUN
fsr-3843	233	7	c	c	NOUN
fsr-3843	234	1	1	1	X
fsr-3843	234	2	.	.	PUNCT
fsr-3843	234	3	cross	cross	PROPN
fsr-3843	234	4	,	,	PUNCT
fsr-3843	234	5	f.	f.	PROPN
fsr-3843	234	6	(	(	PUNCT
fsr-3843	234	7	1973	1973	NUM
fsr-3843	234	8	)	)	PUNCT
fsr-3843	234	9	.	.	PUNCT
fsr-3843	235	1	the	the	DET
fsr-3843	235	2	behavior	behavior	NOUN
fsr-3843	235	3	of	of	ADP
fsr-3843	235	4	stock	stock	NOUN
fsr-3843	235	5	prices	price	NOUN
fsr-3843	235	6	on	on	ADP
fsr-3843	235	7	fridays	friday	NOUN
fsr-3843	235	8	and	and	CCONJ
fsr-3843	235	9	mondays	monday	NOUN
fsr-3843	235	10	.	.	PUNCT
fsr-3843	236	1	financial	financial	ADJ
fsr-3843	236	2	analysts	analyst	NOUN
fsr-3843	236	3	journal	journal	NOUN
fsr-3843	236	4	,	,	PUNCT
fsr-3843	236	5	november	november	PROPN
fsr-3843	236	6	-	-	PUNCT
fsr-3843	236	7	december	december	PROPN
fsr-3843	236	8	,	,	PUNCT
fsr-3843	236	9	67	67	NUM
fsr-3843	236	10	-	-	PUNCT
fsr-3843	236	11	-69	-69	NOUN
fsr-3843	236	12	dow	dow	PROPN
fsr-3843	236	13	jones	jones	PROPN
fsr-3843	236	14	&	&	CCONJ
fsr-3843	236	15	company	company	PROPN
fsr-3843	236	16	,	,	PUNCT
fsr-3843	236	17	inc	inc	PROPN
fsr-3843	236	18	.	.	PROPN
fsr-3843	236	19	(	(	PUNCT
fsr-3843	236	20	1996	1996	NUM
fsr-3843	236	21	)	)	PUNCT
fsr-3843	236	22	.	.	PUNCT
fsr-3843	237	1	the	the	DET
fsr-3843	237	2	wall	wall	PROPN
fsr-3843	237	3	street	street	PROPN
fsr-3843	237	4	journal	journal	PROPN
fsr-3843	237	5	index	index	PROPN
fsr-3843	237	6	1996	1996	NUM
fsr-3843	237	7	.	.	PUNCT
fsr-3843	238	1	ann	ann	PROPN
fsr-3843	238	2	arbor	arbor	PROPN
fsr-3843	238	3	,	,	PUNCT
fsr-3843	238	4	mi	mi	PROPN
fsr-3843	238	5	:	:	PUNCT
fsr-3843	238	6	umi	umi	PROPN
fsr-3843	238	7	.	.	PROPN
fsr-3843	238	8	dow	dow	PROPN
fsr-3843	238	9	jones	jones	PROPN
fsr-3843	238	10	&	&	CCONJ
fsr-3843	238	11	company	company	PROPN
fsr-3843	238	12	,	,	PUNCT
fsr-3843	238	13	inc	inc	PROPN
fsr-3843	238	14	.	.	PROPN
fsr-3843	238	15	(	(	PUNCT
fsr-3843	238	16	1997	1997	NUM
fsr-3843	238	17	)	)	PUNCT
fsr-3843	238	18	.	.	PUNCT
fsr-3843	239	1	the	the	DET
fsr-3843	239	2	dow	dow	PROPN
fsr-3843	239	3	jones	jones	PROPN
fsr-3843	239	4	averages	average	NOUN
fsr-3843	239	5	:	:	PUNCT
fsr-3843	239	6	the	the	DET
fsr-3843	239	7	market	market	NOUN
fsr-3843	239	8	's	's	PART
fsr-3843	239	9	measure	measure	NOUN
fsr-3843	239	10	dow	dow	PROPN
fsr-3843	239	11	data	data	PROPN
fsr-3843	239	12	.	.	PUNCT
fsr-3843	240	1	[	[	X
fsr-3843	240	2	online	online	X
fsr-3843	240	3	]	]	X
fsr-3843	240	4	.	.	PUNCT
fsr-3843	241	1	available	available	ADJ
fsr-3843	241	2	:	:	PUNCT
fsr-3843	242	1	http://averages.dowjones.com/frameset.html	http://averages.dowjones.com/frameset.html	PROPN
fsr-3843	242	2	.	.	PUNCT
fsr-3843	243	1	dyl	dyl	PROPN
fsr-3843	243	2	,	,	PUNCT
fsr-3843	243	3	e.	e.	PROPN
fsr-3843	243	4	,	,	PUNCT
fsr-3843	243	5	&	&	CCONJ
fsr-3843	243	6	maberly	maberly	ADV
fsr-3843	243	7	,	,	PUNCT
fsr-3843	243	8	e.	e.	PROPN
fsr-3843	243	9	(	(	PUNCT
fsr-3843	243	10	1988	1988	NUM
fsr-3843	243	11	)	)	PUNCT
fsr-3843	243	12	.	.	PUNCT
fsr-3843	244	1	a	a	DET
fsr-3843	244	2	possible	possible	ADJ
fsr-3843	244	3	explanation	explanation	NOUN
fsr-3843	244	4	of	of	ADP
fsr-3843	244	5	the	the	DET
fsr-3843	244	6	weekend	weekend	NOUN
fsr-3843	244	7	effect	effect	NOUN
fsr-3843	244	8	.	.	PUNCT
fsr-3843	245	1	financial	financial	ADJ
fsr-3843	245	2	analysts	analyst	NOUN
fsr-3843	245	3	journal	journal	NOUN
fsr-3843	245	4	,	,	PUNCT
fsr-3843	245	5	44	44	NUM
fsr-3843	245	6	,	,	PUNCT
fsr-3843	245	7	83	83	NUM
fsr-3843	245	8	-	-	SYM
fsr-3843	245	9	84	84	NUM
fsr-3843	245	10	.	.	PUNCT
fsr-3843	246	1	federal	federal	PROPN
fsr-3843	246	2	reserve	reserve	PROPN
fsr-3843	246	3	bank	bank	PROPN
fsr-3843	246	4	of	of	ADP
fsr-3843	246	5	st	st	PROPN
fsr-3843	246	6	.	.	PROPN
fsr-3843	246	7	louis	louis	PROPN
fsr-3843	246	8	,	,	PUNCT
fsr-3843	246	9	research	research	NOUN
fsr-3843	246	10	division	division	NOUN
fsr-3843	246	11	.	.	PUNCT
fsr-3843	247	1	(	(	PUNCT
fsr-3843	247	2	1997	1997	NUM
fsr-3843	247	3	)	)	PUNCT
fsr-3843	247	4	.	.	PUNCT
fsr-3843	248	1	federal	federal	PROPN
fsr-3843	248	2	reserve	reserve	PROPN
fsr-3843	248	3	economic	economic	PROPN
fsr-3843	248	4	data	datum	NOUN
fsr-3843	248	5	(	(	PUNCT
fsr-3843	248	6	fred	fred	PROPN
fsr-3843	248	7	)	)	PUNCT
fsr-3843	248	8	,	,	PUNCT
fsr-3843	249	1	[	[	X
fsr-3843	249	2	online	online	X
fsr-3843	249	3	]	]	X
fsr-3843	249	4	.	.	PUNCT
fsr-3843	250	1	available	available	ADJ
fsr-3843	250	2	:	:	PUNCT
fsr-3843	250	3	http://www.stls.frb.org/fred/data/wkly/dtb3	http://www.stls.frb.org/fred/data/wkly/dtb3	NUM
fsr-3843	250	4	22	22	NUM
fsr-3843	250	5	financial	financial	ADJ
fsr-3843	250	6	services	service	NOUN
fsr-3843	250	7	review	review	VERB
fsr-3843	250	8	7(1	7(1	NUM
fsr-3843	250	9	)	)	PUNCT
fsr-3843	250	10	1998	1998	NUM
fsr-3843	250	11	fishe	fishe	NOUN
fsr-3843	250	12	,	,	PUNCT
fsr-3843	250	13	r.	r.	PROPN
fsr-3843	250	14	,	,	PUNCT
fsr-3843	250	15	gosnell	gosnell	PROPN
fsr-3843	250	16	,	,	PUNCT
fsr-3843	250	17	t.	t.	PROPN
fsr-3843	250	18	,	,	PUNCT
fsr-3843	250	19	&	&	CCONJ
fsr-3843	250	20	lasser	lasser	PROPN
fsr-3843	250	21	,	,	PUNCT
fsr-3843	250	22	d.	d.	PROPN
fsr-3843	250	23	(	(	PUNCT
fsr-3843	250	24	1993	1993	NUM
fsr-3843	250	25	)	)	PUNCT
fsr-3843	250	26	.	.	PUNCT
fsr-3843	251	1	good	good	ADJ
fsr-3843	251	2	news	news	NOUN
fsr-3843	251	3	,	,	PUNCT
fsr-3843	251	4	bad	bad	ADJ
fsr-3843	251	5	news	news	NOUN
fsr-3843	251	6	,	,	PUNCT
fsr-3843	251	7	volume	volume	NOUN
fsr-3843	251	8	,	,	PUNCT
fsr-3843	251	9	and	and	CCONJ
fsr-3843	251	10	the	the	DET
fsr-3843	251	11	monday	monday	PROPN
fsr-3843	251	12	effect	effect	NOUN
fsr-3843	251	13	.	.	PUNCT
fsr-3843	252	1	journal	journal	NOUN
fsr-3843	252	2	of	of	ADP
fsr-3843	252	3	business	business	NOUN
fsr-3843	252	4	finance	finance	PROPN
fsr-3843	252	5	&	&	CCONJ
fsr-3843	252	6	accounting	accounting	PROPN
fsr-3843	252	7	,	,	PUNCT
fsr-3843	252	8	20	20	NUM
fsr-3843	252	9	,	,	PUNCT
fsr-3843	252	10	881	881	NUM
fsr-3843	252	11	-	-	SYM
fsr-3843	252	12	893	893	NUM
fsr-3843	252	13	.	.	PUNCT
fsr-3843	253	1	flannery	flannery	PROPN
fsr-3843	253	2	,	,	PUNCT
fsr-3843	253	3	m.	m.	NOUN
fsr-3843	253	4	,	,	PUNCT
fsr-3843	253	5	&	&	CCONJ
fsr-3843	253	6	protopapadakis	protopapadakis	PROPN
fsr-3843	253	7	,	,	PUNCT
fsr-3843	253	8	a.	a.	NOUN
fsr-3843	253	9	(	(	PUNCT
fsr-3843	253	10	1988	1988	NUM
fsr-3843	253	11	)	)	PUNCT
fsr-3843	253	12	.	.	PUNCT
fsr-3843	254	1	from	from	ADP
fsr-3843	254	2	t	t	PROPN
fsr-3843	254	3	-	-	PUNCT
fsr-3843	254	4	bills	bill	NOUN
fsr-3843	254	5	to	to	ADP
fsr-3843	254	6	common	common	ADJ
fsr-3843	254	7	stocks	stock	NOUN
fsr-3843	254	8	:	:	PUNCT
fsr-3843	254	9	investigating	investigate	VERB
fsr-3843	254	10	the	the	DET
fsr-3843	254	11	gener	gener	NOUN
fsr-3843	254	12	ality	ality	NOUN
fsr-3843	254	13	of	of	ADP
fsr-3843	254	14	intra	intra	ADJ
fsr-3843	254	15	-	-	ADJ
fsr-3843	254	16	week	week	ADJ
fsr-3843	254	17	return	return	NOUN
fsr-3843	254	18	seasonality	seasonality	NOUN
fsr-3843	254	19	.	.	PUNCT
fsr-3843	255	1	journal	journal	PROPN
fsr-3843	255	2	of	of	ADP
fsr-3843	255	3	finance	finance	NOUN
fsr-3843	255	4	,	,	PUNCT
fsr-3843	255	5	43	43	NUM
fsr-3843	255	6	,	,	PUNCT
fsr-3843	255	7	431	431	NUM
fsr-3843	255	8	-	-	SYM
fsr-3843	255	9	450	450	NUM
fsr-3843	255	10	.	.	PUNCT
fsr-3843	256	1	french	french	PROPN
fsr-3843	256	2	,	,	PUNCT
fsr-3843	256	3	k.	k.	PROPN
fsr-3843	256	4	(	(	PUNCT
fsr-3843	256	5	1980	1980	NUM
fsr-3843	256	6	)	)	PUNCT
fsr-3843	256	7	.	.	PUNCT
fsr-3843	257	1	stock	stock	NOUN
fsr-3843	257	2	returns	return	NOUN
fsr-3843	257	3	and	and	CCONJ
fsr-3843	257	4	the	the	DET
fsr-3843	257	5	weekend	weekend	NOUN
fsr-3843	257	6	effect	effect	NOUN
fsr-3843	257	7	.	.	PUNCT
fsr-3843	258	1	journal	journal	NOUN
fsr-3843	258	2	of	of	ADP
fsr-3843	258	3	financial	financial	ADJ
fsr-3843	258	4	economics	economic	NOUN
fsr-3843	258	5	,	,	PUNCT
fsr-3843	258	6	8	8	NUM
fsr-3843	258	7	,	,	PUNCT
fsr-3843	258	8	55	55	NUM
fsr-3843	258	9	-	-	NUM
fsr-3843	258	10	-69	-69	NUM
fsr-3843	258	11	.	.	PUNCT
fsr-3843	259	1	gibbons	gibbon	NOUN
fsr-3843	259	2	,	,	PUNCT
fsr-3843	259	3	m.	m.	NOUN
fsr-3843	259	4	,	,	PUNCT
fsr-3843	259	5	&	&	CCONJ
fsr-3843	259	6	hess	hess	PROPN
fsr-3843	259	7	,	,	PUNCT
fsr-3843	259	8	p.	p.	NOUN
fsr-3843	259	9	(	(	PUNCT
fsr-3843	259	10	1981	1981	NUM
fsr-3843	259	11	)	)	PUNCT
fsr-3843	259	12	.	.	PUNCT
fsr-3843	260	1	day	day	NOUN
fsr-3843	260	2	of	of	ADP
fsr-3843	260	3	the	the	DET
fsr-3843	260	4	week	week	NOUN
fsr-3843	260	5	effects	effect	NOUN
fsr-3843	260	6	and	and	CCONJ
fsr-3843	260	7	asset	asset	NOUN
fsr-3843	260	8	returns	return	NOUN
fsr-3843	260	9	.	.	PUNCT
fsr-3843	261	1	journal	journal	NOUN
fsr-3843	261	2	of	of	ADP
fsr-3843	261	3	business	business	NOUN
fsr-3843	261	4	,	,	PUNCT
fsr-3843	261	5	54	54	NUM
fsr-3843	261	6	,	,	PUNCT
fsr-3843	261	7	579	579	NUM
fsr-3843	261	8	-	-	SYM
fsr-3843	261	9	596	596	NUM
fsr-3843	261	10	.	.	PUNCT
fsr-3843	262	1	haugen	haugen	PROPN
fsr-3843	262	2	,	,	PUNCT
fsr-3843	262	3	r.	r.	PROPN
fsr-3843	262	4	,	,	PUNCT
fsr-3843	262	5	&	&	CCONJ
fsr-3843	262	6	jorion	jorion	PROPN
fsr-3843	262	7	,	,	PUNCT
fsr-3843	262	8	p.	p.	NOUN
fsr-3843	262	9	(	(	PUNCT
fsr-3843	262	10	1996	1996	NUM
fsr-3843	262	11	)	)	PUNCT
fsr-3843	262	12	.	.	PUNCT
fsr-3843	263	1	the	the	DET
fsr-3843	263	2	january	january	PROPN
fsr-3843	263	3	effect	effect	NOUN
fsr-3843	263	4	:	:	PUNCT
fsr-3843	263	5	still	still	ADV
fsr-3843	263	6	there	there	ADV
fsr-3843	263	7	after	after	ADP
fsr-3843	263	8	all	all	DET
fsr-3843	263	9	these	these	DET
fsr-3843	263	10	years	year	NOUN
fsr-3843	263	11	.	.	PUNCT
fsr-3843	264	1	financial	financial	ADJ
fsr-3843	264	2	ana	ana	PROPN
fsr-3843	264	3	lysts	lysts	PROPN
fsr-3843	264	4	journal	journal	PROPN
fsr-3843	264	5	,	,	PUNCT
fsr-3843	264	6	52	52	NUM
fsr-3843	264	7	,	,	PUNCT
fsr-3843	264	8	27	27	NUM
fsr-3843	264	9	-	-	SYM
fsr-3843	264	10	31	31	NUM
fsr-3843	264	11	.	.	PUNCT
fsr-3843	265	1	haugen	haugen	PROPN
fsr-3843	265	2	,	,	PUNCT
fsr-3843	265	3	r.	r.	PROPN
fsr-3843	265	4	,	,	PUNCT
fsr-3843	265	5	&	&	CCONJ
fsr-3843	265	6	lakonishok	lakonishok	PROPN
fsr-3843	265	7	,	,	PUNCT
fsr-3843	265	8	j.	j.	PROPN
fsr-3843	265	9	(	(	PUNCT
fsr-3843	265	10	1988	1988	NUM
fsr-3843	265	11	)	)	PUNCT
fsr-3843	265	12	.	.	PUNCT
fsr-3843	266	1	the	the	DET
fsr-3843	266	2	incredible	incredible	ADJ
fsr-3843	266	3	january	january	PROPN
fsr-3843	266	4	effect	effect	NOUN
fsr-3843	266	5	:	:	PUNCT
fsr-3843	266	6	the	the	DET
fsr-3843	266	7	stock	stock	NOUN
fsr-3843	266	8	market	market	NOUN
fsr-3843	266	9	's	's	PART
fsr-3843	266	10	unsolved	unsolved	ADJ
fsr-3843	266	11	mystery	mystery	NOUN
fsr-3843	266	12	.	.	PUNCT
fsr-3843	267	1	homewood	homewood	PROPN
fsr-3843	267	2	,	,	PUNCT
fsr-3843	267	3	il	il	PROPN
fsr-3843	267	4	:	:	PUNCT
fsr-3843	267	5	irwin	irwin	PROPN
fsr-3843	267	6	.	.	PUNCT
fsr-3843	268	1	henzel	henzel	PROPN
fsr-3843	268	2	,	,	PUNCT
fsr-3843	268	3	r.	r.	PROPN
fsr-3843	268	4	,	,	PUNCT
fsr-3843	268	5	&	&	CCONJ
fsr-3843	268	6	ziemba	ziemba	PROPN
fsr-3843	268	7	,	,	PUNCT
fsr-3843	268	8	w.	w.	PROPN
fsr-3843	268	9	(	(	PUNCT
fsr-3843	268	10	1996	1996	NUM
fsr-3843	268	11	)	)	PUNCT
fsr-3843	268	12	.	.	PUNCT
fsr-3843	269	1	investment	investment	NOUN
fsr-3843	269	2	results	result	NOUN
fsr-3843	269	3	from	from	ADP
fsr-3843	269	4	exploiting	exploit	VERB
fsr-3843	269	5	turn	turn	NOUN
fsr-3843	269	6	-	-	PUNCT
fsr-3843	269	7	of	of	ADP
fsr-3843	269	8	-	-	PUNCT
fsr-3843	269	9	the	the	DET
fsr-3843	269	10	-	-	PUNCT
fsr-3843	269	11	month	month	NOUN
fsr-3843	269	12	effects	effect	NOUN
fsr-3843	269	13	.	.	PUNCT
fsr-3843	270	1	journal	journal	PROPN
fsr-3843	270	2	of	of	ADP
fsr-3843	270	3	portfolio	portfolio	NOUN
fsr-3843	270	4	management	management	NOUN
fsr-3843	270	5	,	,	PUNCT
fsr-3843	270	6	spring	spring	NOUN
fsr-3843	270	7	,	,	PUNCT
fsr-3843	270	8	17	17	NUM
fsr-3843	270	9	-	-	SYM
fsr-3843	270	10	23	23	NUM
fsr-3843	270	11	.	.	PUNCT
fsr-3843	271	1	henzel	henzel	PROPN
fsr-3843	271	2	,	,	PUNCT
fsr-3843	271	3	r.	r.	PROPN
fsr-3843	271	4	,	,	PUNCT
fsr-3843	271	5	sick	sick	ADJ
fsr-3843	271	6	,	,	PUNCT
fsr-3843	271	7	g.	g.	PROPN
fsr-3843	271	8	,	,	PUNCT
fsr-3843	271	9	&	&	CCONJ
fsr-3843	271	10	ziemba	ziemba	PROPN
fsr-3843	271	11	,	,	PUNCT
fsr-3843	271	12	w.	w.	PROPN
fsr-3843	271	13	(	(	PUNCT
fsr-3843	271	14	1994	1994	NUM
fsr-3843	271	15	)	)	PUNCT
fsr-3843	271	16	.	.	PUNCT
fsr-3843	272	1	the	the	DET
fsr-3843	272	2	turn	turn	VERB
fsr-3843	272	3	-	-	PUNCT
fsr-3843	272	4	of	of	ADP
fsr-3843	272	5	-	-	PUNCT
fsr-3843	272	6	the	the	DET
fsr-3843	272	7	-	-	PUNCT
fsr-3843	272	8	month	month	NOUN
fsr-3843	272	9	effect	effect	NOUN
fsr-3843	272	10	in	in	ADP
fsr-3843	272	11	the	the	DET
fsr-3843	272	12	u.s	u.s	PROPN
fsr-3843	272	13	.	.	PROPN
fsr-3843	272	14	stock	stock	PROPN
fsr-3843	272	15	index	index	NOUN
fsr-3843	272	16	futures	future	NOUN
fsr-3843	272	17	markets	market	NOUN
fsr-3843	272	18	,	,	PUNCT
fsr-3843	272	19	1982	1982	NUM
fsr-3843	272	20	-	-	SYM
fsr-3843	272	21	1992	1992	NUM
fsr-3843	272	22	.	.	PUNCT
fsr-3843	273	1	review	review	NOUN
fsr-3843	273	2	of	of	ADP
fsr-3843	273	3	futures	future	NOUN
fsr-3843	273	4	markets	market	NOUN
fsr-3843	273	5	,	,	PUNCT
fsr-3843	273	6	13	13	NUM
fsr-3843	273	7	,	,	PUNCT
fsr-3843	273	8	827	827	NUM
fsr-3843	273	9	-	-	SYM
fsr-3843	273	10	856	856	NUM
fsr-3843	273	11	.	.	PUNCT
fsr-3843	274	1	johnston	johnston	PROPN
fsr-3843	274	2	,	,	PUNCT
fsr-3843	274	3	k.	k.	PROPN
fsr-3843	274	4	,	,	PUNCT
fsr-3843	274	5	&	&	CCONJ
fsr-3843	274	6	cox	cox	PROPN
fsr-3843	274	7	,	,	PUNCT
fsr-3843	274	8	d.	d.	PROPN
fsr-3843	274	9	(	(	PUNCT
fsr-3843	274	10	1996	1996	NUM
fsr-3843	274	11	)	)	PUNCT
fsr-3843	274	12	.	.	PUNCT
fsr-3843	275	1	the	the	DET
fsr-3843	275	2	influence	influence	NOUN
fsr-3843	275	3	of	of	ADP
fsr-3843	275	4	tax	tax	NOUN
fsr-3843	275	5	-	-	PUNCT
fsr-3843	275	6	loss	loss	NOUN
fsr-3843	275	7	selling	selling	NOUN
fsr-3843	275	8	by	by	ADP
fsr-3843	275	9	individual	individual	ADJ
fsr-3843	275	10	investors	investor	NOUN
fsr-3843	275	11	in	in	ADP
fsr-3843	275	12	explain	explain	VERB
fsr-3843	275	13	ing	e	VERB
fsr-3843	275	14	the	the	DET
fsr-3843	275	15	january	january	PROPN
fsr-3843	275	16	effect	effect	NOUN
fsr-3843	275	17	.	.	PUNCT
fsr-3843	276	1	quarterly	quarterly	ADJ
fsr-3843	276	2	journal	journal	NOUN
fsr-3843	276	3	of	of	ADP
fsr-3843	276	4	business	business	NOUN
fsr-3843	276	5	&	&	CCONJ
fsr-3843	276	6	economics	economic	NOUN
fsr-3843	276	7	,	,	PUNCT
fsr-3843	276	8	35	35	NUM
fsr-3843	276	9	,	,	PUNCT
fsr-3843	276	10	14	14	NUM
fsr-3843	276	11	-	-	SYM
fsr-3843	276	12	20	20	NUM
fsr-3843	276	13	.	.	PUNCT
fsr-3843	277	1	kamara	kamara	PROPN
fsr-3843	277	2	,	,	PUNCT
fsr-3843	277	3	a.	a.	NOUN
fsr-3843	277	4	(	(	PUNCT
fsr-3843	277	5	1997	1997	NUM
fsr-3843	277	6	)	)	PUNCT
fsr-3843	277	7	.	.	PUNCT
fsr-3843	278	1	new	new	ADJ
fsr-3843	278	2	evidence	evidence	NOUN
fsr-3843	278	3	on	on	ADP
fsr-3843	278	4	the	the	DET
fsr-3843	278	5	monday	monday	PROPN
fsr-3843	278	6	seasonal	seasonal	NOUN
fsr-3843	278	7	in	in	ADP
fsr-3843	278	8	stock	stock	NOUN
fsr-3843	278	9	returns	return	NOUN
fsr-3843	278	10	.	.	PUNCT
fsr-3843	279	1	journal	journal	NOUN
fsr-3843	279	2	of	of	ADP
fsr-3843	279	3	business	business	NOUN
fsr-3843	279	4	,	,	PUNCT
fsr-3843	279	5	70	70	NUM
fsr-3843	279	6	,	,	PUNCT
fsr-3843	279	7	63	63	NUM
fsr-3843	279	8	-	-	SYM
fsr-3843	279	9	84	84	NUM
fsr-3843	279	10	.	.	PUNCT
fsr-3843	280	1	keim	keim	PROPN
fsr-3843	280	2	,	,	PUNCT
fsr-3843	280	3	d.	d.	PROPN
fsr-3843	280	4	(	(	PUNCT
fsr-3843	280	5	1983	1983	NUM
fsr-3843	280	6	)	)	PUNCT
fsr-3843	280	7	.	.	PUNCT
fsr-3843	281	1	size	size	NOUN
fsr-3843	281	2	-	-	PUNCT
fsr-3843	281	3	related	relate	VERB
fsr-3843	281	4	anomalies	anomaly	NOUN
fsr-3843	281	5	and	and	CCONJ
fsr-3843	281	6	stock	stock	NOUN
fsr-3843	281	7	return	return	NOUN
fsr-3843	281	8	seasonality	seasonality	NOUN
fsr-3843	281	9	:	:	PUNCT
fsr-3843	281	10	further	further	ADJ
fsr-3843	281	11	empirical	empirical	ADJ
fsr-3843	281	12	evidence	evidence	NOUN
fsr-3843	281	13	.	.	PUNCT
fsr-3843	282	1	journal	journal	NOUN
fsr-3843	282	2	of	of	ADP
fsr-3843	282	3	financial	financial	ADJ
fsr-3843	282	4	economics	economic	NOUN
fsr-3843	282	5	,	,	PUNCT
fsr-3843	282	6	12	12	NUM
fsr-3843	282	7	,	,	PUNCT
fsr-3843	282	8	13	13	NUM
fsr-3843	282	9	-	-	SYM
fsr-3843	282	10	32	32	NUM
fsr-3843	282	11	.	.	PUNCT
fsr-3843	283	1	keim	keim	PROPN
fsr-3843	283	2	,	,	PUNCT
fsr-3843	283	3	d.	d.	PROPN
fsr-3843	283	4	,	,	PUNCT
fsr-3843	283	5	&	&	CCONJ
fsr-3843	283	6	stambaugh	stambaugh	PROPN
fsr-3843	283	7	,	,	PUNCT
fsr-3843	283	8	r.	r.	PROPN
fsr-3843	283	9	(	(	PUNCT
fsr-3843	283	10	1984	1984	NUM
fsr-3843	283	11	)	)	PUNCT
fsr-3843	283	12	.	.	PUNCT
fsr-3843	284	1	a	a	DET
fsr-3843	284	2	further	further	ADJ
fsr-3843	284	3	investigation	investigation	NOUN
fsr-3843	284	4	of	of	ADP
fsr-3843	284	5	the	the	DET
fsr-3843	284	6	weekend	weekend	NOUN
fsr-3843	284	7	effect	effect	NOUN
fsr-3843	284	8	in	in	ADP
fsr-3843	284	9	stock	stock	NOUN
fsr-3843	284	10	returns	return	NOUN
fsr-3843	284	11	.	.	PUNCT
fsr-3843	285	1	journal	journal	NOUN
fsr-3843	285	2	of	of	ADP
fsr-3843	285	3	finance	finance	NOUN
fsr-3843	285	4	,	,	PUNCT
fsr-3843	285	5	39	39	NUM
fsr-3843	285	6	,	,	PUNCT
fsr-3843	285	7	819	819	NUM
fsr-3843	285	8	-	-	SYM
fsr-3843	285	9	835	835	NUM
fsr-3843	285	10	.	.	PUNCT
fsr-3843	286	1	lakonishok	lakonishok	NOUN
fsr-3843	286	2	,	,	PUNCT
fsr-3843	286	3	j.	j.	PROPN
fsr-3843	286	4	,	,	PUNCT
fsr-3843	286	5	&	&	CCONJ
fsr-3843	286	6	maberly	maberly	ADV
fsr-3843	286	7	,	,	PUNCT
fsr-3843	286	8	e.	e.	PROPN
fsr-3843	286	9	(	(	PUNCT
fsr-3843	286	10	1990	1990	NUM
fsr-3843	286	11	)	)	PUNCT
fsr-3843	286	12	.	.	PUNCT
fsr-3843	287	1	the	the	DET
fsr-3843	287	2	weekend	weekend	NOUN
fsr-3843	287	3	effect	effect	NOUN
fsr-3843	287	4	:	:	PUNCT
fsr-3843	287	5	trading	trading	NOUN
fsr-3843	287	6	patterns	pattern	NOUN
fsr-3843	287	7	of	of	ADP
fsr-3843	287	8	individual	individual	ADJ
fsr-3843	287	9	and	and	CCONJ
fsr-3843	287	10	insti	insti	NOUN
fsr-3843	287	11	tutional	tutional	ADJ
fsr-3843	287	12	investors	investor	NOUN
fsr-3843	287	13	.	.	PUNCT
fsr-3843	288	1	journal	journal	PROPN
fsr-3843	288	2	of	of	ADP
fsr-3843	288	3	finance	finance	NOUN
fsr-3843	288	4	,	,	PUNCT
fsr-3843	288	5	45	45	NUM
fsr-3843	288	6	,	,	PUNCT
fsr-3843	288	7	231	231	NUM
fsr-3843	288	8	-	-	SYM
fsr-3843	288	9	243	243	NUM
fsr-3843	288	10	.	.	PUNCT
fsr-3843	289	1	lakonishok	lakonishok	PROPN
fsr-3843	289	2	,	,	PUNCT
fsr-3843	289	3	j.	j.	PROPN
fsr-3843	289	4	,	,	PUNCT
fsr-3843	289	5	shleifer	shleifer	PROPN
fsr-3843	289	6	,	,	PUNCT
fsr-3843	289	7	a.	a.	PROPN
fsr-3843	289	8	,	,	PUNCT
fsr-3843	289	9	&	&	CCONJ
fsr-3843	289	10	vishny	vishny	PROPN
fsr-3843	289	11	,	,	PUNCT
fsr-3843	289	12	r.	r.	PROPN
fsr-3843	289	13	(	(	PUNCT
fsr-3843	289	14	1992	1992	NUM
fsr-3843	289	15	)	)	PUNCT
fsr-3843	289	16	.	.	PUNCT
fsr-3843	290	1	the	the	DET
fsr-3843	290	2	impact	impact	NOUN
fsr-3843	290	3	of	of	ADP
fsr-3843	290	4	institutional	institutional	ADJ
fsr-3843	290	5	trading	trading	NOUN
fsr-3843	290	6	on	on	ADP
fsr-3843	290	7	stock	stock	NOUN
fsr-3843	290	8	prices	price	NOUN
fsr-3843	290	9	.	.	PUNCT
fsr-3843	291	1	journal	journal	NOUN
fsr-3843	291	2	of	of	ADP
fsr-3843	291	3	financial	financial	ADJ
fsr-3843	291	4	economics	economic	NOUN
fsr-3843	291	5	,	,	PUNCT
fsr-3843	291	6	32	32	NUM
fsr-3843	291	7	,	,	PUNCT
fsr-3843	291	8	23	23	NUM
fsr-3843	291	9	-	-	SYM
fsr-3843	291	10	43	43	NUM
fsr-3843	291	11	.	.	PUNCT
fsr-3843	292	1	lakonishok	lakonishok	PROPN
fsr-3843	292	2	,	,	PUNCT
fsr-3843	292	3	j.	j.	PROPN
fsr-3843	292	4	,	,	PUNCT
fsr-3843	292	5	&	&	CCONJ
fsr-3843	292	6	smidt	smidt	PROPN
fsr-3843	292	7	,	,	PUNCT
fsr-3843	292	8	s.	s.	PROPN
fsr-3843	292	9	(	(	PUNCT
fsr-3843	292	10	1984	1984	NUM
fsr-3843	292	11	)	)	PUNCT
fsr-3843	292	12	.	.	PUNCT
fsr-3843	293	1	volume	volume	NOUN
fsr-3843	293	2	and	and	CCONJ
fsr-3843	293	3	turn	turn	NOUN
fsr-3843	293	4	-	-	PUNCT
fsr-3843	293	5	of	of	ADP
fsr-3843	293	6	-	-	PUNCT
fsr-3843	293	7	the	the	DET
fsr-3843	293	8	-	-	PUNCT
fsr-3843	293	9	year	year	NOUN
fsr-3843	293	10	behavior	behavior	NOUN
fsr-3843	293	11	.	.	PUNCT
fsr-3843	294	1	journal	journal	PROPN
fsr-3843	294	2	of	of	ADP
fsr-3843	294	3	financial	financial	ADJ
fsr-3843	294	4	economics	economic	NOUN
fsr-3843	294	5	,	,	PUNCT
fsr-3843	294	6	13	13	NUM
fsr-3843	294	7	,	,	PUNCT
fsr-3843	294	8	435	435	NUM
fsr-3843	294	9	-	-	SYM
fsr-3843	294	10	455	455	NUM
fsr-3843	294	11	.	.	PUNCT
fsr-3843	295	1	lakonishok	lakonishok	PROPN
fsr-3843	295	2	,	,	PUNCT
fsr-3843	295	3	j.	j.	PROPN
fsr-3843	295	4	,	,	PUNCT
fsr-3843	295	5	&	&	CCONJ
fsr-3843	295	6	smidt	smidt	PROPN
fsr-3843	295	7	,	,	PUNCT
fsr-3843	295	8	s.	s.	PROPN
fsr-3843	295	9	(	(	PUNCT
fsr-3843	295	10	1988	1988	NUM
fsr-3843	295	11	)	)	PUNCT
fsr-3843	295	12	.	.	PUNCT
fsr-3843	296	1	are	be	AUX
fsr-3843	296	2	seasonal	seasonal	ADJ
fsr-3843	296	3	anomalies	anomaly	NOUN
fsr-3843	296	4	real	real	ADJ
fsr-3843	296	5	?	?	PUNCT
fsr-3843	297	1	a	a	DET
fsr-3843	297	2	ninety	ninety	NUM
fsr-3843	297	3	-	-	PUNCT
fsr-3843	297	4	year	year	NOUN
fsr-3843	297	5	perspective	perspective	NOUN
fsr-3843	297	6	.	.	PUNCT
fsr-3843	298	1	review	review	NOUN
fsr-3843	298	2	of	of	ADP
fsr-3843	298	3	financial	financial	ADJ
fsr-3843	298	4	studies	study	NOUN
fsr-3843	298	5	,	,	PUNCT
fsr-3843	298	6	1,403	1,403	NUM
fsr-3843	298	7	-	-	SYM
fsr-3843	298	8	-425	-425	PROPN
fsr-3843	298	9	.	.	PUNCT
fsr-3843	298	10	miller	miller	PROPN
fsr-3843	298	11	,	,	PUNCT
fsr-3843	298	12	e.	e.	PROPN
fsr-3843	298	13	(	(	PUNCT
fsr-3843	298	14	1988	1988	NUM
fsr-3843	298	15	)	)	PUNCT
fsr-3843	298	16	.	.	PUNCT
fsr-3843	299	1	why	why	SCONJ
fsr-3843	299	2	a	a	DET
fsr-3843	299	3	weekend	weekend	NOUN
fsr-3843	299	4	effect	effect	NOUN
fsr-3843	299	5	?	?	PUNCT
fsr-3843	300	1	journal	journal	NOUN
fsr-3843	300	2	of	of	ADP
fsr-3843	300	3	portfolio	portfolio	NOUN
fsr-3843	300	4	management	management	NOUN
fsr-3843	300	5	,	,	PUNCT
fsr-3843	300	6	14	14	NUM
fsr-3843	300	7	,	,	PUNCT
fsr-3843	300	8	43	43	NUM
fsr-3843	300	9	-	-	SYM
fsr-3843	300	10	48	48	NUM
fsr-3843	300	11	.	.	PUNCT
fsr-3843	301	1	ogden	ogden	PROPN
fsr-3843	301	2	,	,	PUNCT
fsr-3843	301	3	j.	j.	PROPN
fsr-3843	301	4	(	(	PUNCT
fsr-3843	301	5	1990	1990	NUM
fsr-3843	301	6	)	)	PUNCT
fsr-3843	301	7	.	.	PUNCT
fsr-3843	302	1	turn	turn	VERB
fsr-3843	302	2	-	-	PUNCT
fsr-3843	302	3	of	of	ADP
fsr-3843	302	4	-	-	PUNCT
fsr-3843	302	5	month	month	NOUN
fsr-3843	302	6	evaluations	evaluation	NOUN
fsr-3843	302	7	of	of	ADP
fsr-3843	302	8	liquid	liquid	ADJ
fsr-3843	302	9	profits	profit	NOUN
fsr-3843	302	10	and	and	CCONJ
fsr-3843	302	11	stock	stock	NOUN
fsr-3843	302	12	returns	return	NOUN
fsr-3843	302	13	:	:	PUNCT
fsr-3843	302	14	a	a	DET
fsr-3843	302	15	common	common	ADJ
fsr-3843	302	16	explana	explana	ADJ
fsr-3843	302	17	tion	tion	NOUN
fsr-3843	302	18	for	for	ADP
fsr-3843	302	19	the	the	DET
fsr-3843	302	20	monthly	monthly	ADJ
fsr-3843	302	21	and	and	CCONJ
fsr-3843	302	22	january	january	PROPN
fsr-3843	302	23	effects	effect	NOUN
fsr-3843	302	24	.	.	PUNCT
fsr-3843	303	1	journal	journal	PROPN
fsr-3843	303	2	of	of	ADP
fsr-3843	303	3	finance	finance	NOUN
fsr-3843	303	4	,	,	PUNCT
fsr-3843	303	5	45	45	NUM
fsr-3843	303	6	,	,	PUNCT
fsr-3843	303	7	1259	1259	NUM
fsr-3843	303	8	-	-	SYM
fsr-3843	303	9	1272	1272	NUM
fsr-3843	303	10	.	.	PUNCT
fsr-3843	304	1	patell	patell	NOUN
fsr-3843	304	2	,	,	PUNCT
fsr-3843	304	3	j.	j.	PROPN
fsr-3843	304	4	,	,	PUNCT
fsr-3843	304	5	&	&	CCONJ
fsr-3843	304	6	wolfson	wolfson	PROPN
fsr-3843	304	7	,	,	PUNCT
fsr-3843	304	8	m.	m.	NOUN
fsr-3843	304	9	(	(	PUNCT
fsr-3843	304	10	!	!	PUNCT
fsr-3843	304	11	982	982	NUM
fsr-3843	304	12	)	)	PUNCT
fsr-3843	304	13	.	.	PUNCT
fsr-3843	305	1	good	good	ADJ
fsr-3843	305	2	news	news	NOUN
fsr-3843	305	3	,	,	PUNCT
fsr-3843	305	4	bad	bad	ADJ
fsr-3843	305	5	news	news	NOUN
fsr-3843	305	6	,	,	PUNCT
fsr-3843	305	7	and	and	CCONJ
fsr-3843	305	8	the	the	DET
fsr-3843	305	9	intraday	intraday	NOUN
fsr-3843	305	10	timing	timing	NOUN
fsr-3843	305	11	of	of	ADP
fsr-3843	305	12	corporate	corporate	ADJ
fsr-3843	305	13	disclo	disclo	NOUN
fsr-3843	305	14	sures	sure	NOUN
fsr-3843	305	15	.	.	PUNCT
fsr-3843	306	1	accounting	accounting	NOUN
fsr-3843	306	2	review	review	PROPN
fsr-3843	306	3	,	,	PUNCT
fsr-3843	306	4	57	57	NUM
fsr-3843	306	5	,	,	PUNCT
fsr-3843	306	6	509	509	NUM
fsr-3843	306	7	-	-	SYM
fsr-3843	306	8	527	527	NUM
fsr-3843	306	9	.	.	PUNCT
fsr-3843	307	1	penman	penman	PROPN
fsr-3843	307	2	,	,	PUNCT
fsr-3843	307	3	s.	s.	PROPN
fsr-3843	307	4	(	(	PUNCT
fsr-3843	307	5	1987	1987	NUM
fsr-3843	307	6	)	)	PUNCT
fsr-3843	307	7	.	.	PUNCT
fsr-3843	308	1	the	the	DET
fsr-3843	308	2	distribution	distribution	NOUN
fsr-3843	308	3	of	of	ADP
fsr-3843	308	4	earnings	earning	NOUN
fsr-3843	308	5	news	news	NOUN
fsr-3843	308	6	over	over	ADP
fsr-3843	308	7	time	time	NOUN
fsr-3843	308	8	and	and	CCONJ
fsr-3843	308	9	seasonalities	seasonalitie	NOUN
fsr-3843	308	10	in	in	ADP
fsr-3843	308	11	aggregate	aggregate	ADJ
fsr-3843	308	12	stock	stock	NOUN
fsr-3843	308	13	returns	return	NOUN
fsr-3843	308	14	.	.	PUNCT
fsr-3843	309	1	journal	journal	NOUN
fsr-3843	309	2	of	of	ADP
fsr-3843	309	3	financial	financial	ADJ
fsr-3843	309	4	economics	economic	NOUN
fsr-3843	309	5	,	,	PUNCT
fsr-3843	309	6	18	18	NUM
fsr-3843	309	7	,	,	PUNCT
fsr-3843	309	8	199	199	NUM
fsr-3843	309	9	-	-	SYM
fsr-3843	309	10	228	228	NUM
fsr-3843	309	11	.	.	PUNCT
fsr-3843	310	1	pierce	pierce	PROPN
fsr-3843	310	2	,	,	PUNCT
fsr-3843	310	3	p.	p.	PROPN
fsr-3843	310	4	s.	s.	PROPN
fsr-3843	311	1	(	(	PUNCT
fsr-3843	311	2	ed	ed	NOUN
fsr-3843	311	3	.	.	PUNCT
fsr-3843	311	4	)	)	PUNCT
fsr-3843	311	5	.	.	PUNCT
fsr-3843	312	1	(	(	PUNCT
fsr-3843	312	2	1996	1996	NUM
fsr-3843	312	3	)	)	PUNCT
fsr-3843	312	4	.	.	PUNCT
fsr-3843	313	1	the	the	DET
fsr-3843	313	2	dow	dow	PROPN
fsr-3843	313	3	jones	jones	PROPN
fsr-3843	313	4	averages	averages	PROPN
fsr-3843	313	5	1885	1885	NUM
fsr-3843	313	6	-	-	SYM
fsr-3843	313	7	1995	1995	NUM
fsr-3843	313	8	.	.	PUNCT
fsr-3843	314	1	chicago	chicago	PROPN
fsr-3843	314	2	:	:	PUNCT
fsr-3843	315	1	irwin	irwin	PROPN
fsr-3843	315	2	.	.	PROPN
fsr-3843	316	1	reinganum	reinganum	PROPN
fsr-3843	316	2	,	,	PUNCT
fsr-3843	316	3	m.	m.	NOUN
fsr-3843	316	4	(	(	PUNCT
fsr-3843	316	5	1983	1983	NUM
fsr-3843	316	6	)	)	PUNCT
fsr-3843	316	7	.	.	PUNCT
fsr-3843	317	1	the	the	DET
fsr-3843	317	2	anomalous	anomalous	ADJ
fsr-3843	317	3	stock	stock	NOUN
fsr-3843	317	4	market	market	NOUN
fsr-3843	317	5	behavior	behavior	NOUN
fsr-3843	317	6	of	of	ADP
fsr-3843	317	7	small	small	ADJ
fsr-3843	317	8	finns	finn	NOUN
fsr-3843	317	9	in	in	ADP
fsr-3843	317	10	january	january	PROPN
fsr-3843	317	11	:	:	PUNCT
fsr-3843	317	12	empirical	empirical	ADJ
fsr-3843	317	13	tests	test	NOUN
fsr-3843	317	14	for	for	ADP
fsr-3843	317	15	tax	tax	NOUN
fsr-3843	317	16	-	-	PUNCT
fsr-3843	317	17	loss	loss	NOUN
fsr-3843	317	18	selling	selling	NOUN
fsr-3843	317	19	effects	effect	NOUN
fsr-3843	317	20	.	.	PUNCT
fsr-3843	318	1	journal	journal	NOUN
fsr-3843	318	2	of	of	ADP
fsr-3843	318	3	financial	financial	ADJ
fsr-3843	318	4	economics	economic	NOUN
fsr-3843	318	5	,	,	PUNCT
fsr-3843	318	6	12	12	NUM
fsr-3843	318	7	,	,	PUNCT
fsr-3843	318	8	89	89	NUM
fsr-3843	318	9	-	-	SYM
fsr-3843	318	10	104	104	NUM
fsr-3843	318	11	.	.	PUNCT
fsr-3843	319	1	riepe	riepe	NOUN
fsr-3843	319	2	,	,	PUNCT
fsr-3843	319	3	m.	m.	NOUN
fsr-3843	319	4	(	(	PUNCT
fsr-3843	319	5	1998	1998	NUM
fsr-3843	319	6	)	)	PUNCT
fsr-3843	319	7	.	.	PUNCT
fsr-3843	320	1	is	be	AUX
fsr-3843	320	2	publicity	publicity	NOUN
fsr-3843	320	3	killing	kill	VERB
fsr-3843	320	4	the	the	DET
fsr-3843	320	5	january	january	PROPN
fsr-3843	320	6	effect	effect	NOUN
fsr-3843	320	7	?	?	PUNCT
fsr-3843	321	1	journal	journal	NOUN
fsr-3843	321	2	of	of	ADP
fsr-3843	321	3	financial	financial	ADJ
fsr-3843	321	4	planning	planning	NOUN
fsr-3843	321	5	,	,	PUNCT
fsr-3843	321	6	11	11	NUM
fsr-3843	321	7	,	,	PUNCT
fsr-3843	321	8	64	64	NUM
fsr-3843	321	9	-	-	SYM
fsr-3843	321	10	70	70	NUM
fsr-3843	321	11	.	.	PUNCT
fsr-3843	322	1	ritter	ritter	PROPN
fsr-3843	322	2	,	,	PUNCT
fsr-3843	322	3	j.	j.	PROPN
fsr-3843	322	4	(	(	PUNCT
fsr-3843	322	5	1988	1988	NUM
fsr-3843	322	6	)	)	PUNCT
fsr-3843	322	7	.	.	PUNCT
fsr-3843	323	1	the	the	DET
fsr-3843	323	2	buying	buying	NOUN
fsr-3843	323	3	and	and	CCONJ
fsr-3843	323	4	selling	sell	VERB
fsr-3843	323	5	behavior	behavior	NOUN
fsr-3843	323	6	of	of	ADP
fsr-3843	323	7	individual	individual	ADJ
fsr-3843	323	8	investors	investor	NOUN
fsr-3843	323	9	at	at	ADP
fsr-3843	323	10	the	the	DET
fsr-3843	323	11	turn	turn	NOUN
fsr-3843	323	12	of	of	ADP
fsr-3843	323	13	the	the	DET
fsr-3843	323	14	year	year	NOUN
fsr-3843	323	15	.	.	PUNCT
fsr-3843	324	1	jour	jour	PROPN
fsr-3843	324	2	nal	nal	PROPN
fsr-3843	324	3	of	of	ADP
fsr-3843	324	4	finance	finance	NOUN
fsr-3843	324	5	,	,	PUNCT
fsr-3843	324	6	43	43	NUM
fsr-3843	324	7	,	,	PUNCT
fsr-3843	324	8	701	701	NUM
fsr-3843	324	9	-	-	SYM
fsr-3843	324	10	717	717	NUM
fsr-3843	324	11	.	.	PUNCT
fsr-3843	325	1	ritter	ritter	PROPN
fsr-3843	325	2	,	,	PUNCT
fsr-3843	325	3	j.	j.	PROPN
fsr-3843	325	4	,	,	PUNCT
fsr-3843	325	5	&	&	CCONJ
fsr-3843	325	6	chopra	chopra	PROPN
fsr-3843	325	7	,	,	PUNCT
fsr-3843	325	8	n.	n.	PROPN
fsr-3843	325	9	(	(	PUNCT
fsr-3843	325	10	1989	1989	NUM
fsr-3843	325	11	)	)	PUNCT
fsr-3843	325	12	.	.	PUNCT
fsr-3843	326	1	portfolio	portfolio	NOUN
fsr-3843	326	2	rebalancing	rebalancing	NOUN
fsr-3843	326	3	and	and	CCONJ
fsr-3843	326	4	the	the	DET
fsr-3843	326	5	turn	turn	NOUN
fsr-3843	326	6	-	-	PUNCT
fsr-3843	326	7	of	of	ADP
fsr-3843	326	8	-	-	PUNCT
fsr-3843	326	9	the	the	DET
fsr-3843	326	10	-	-	PUNCT
fsr-3843	326	11	year	year	NOUN
fsr-3843	326	12	effect	effect	NOUN
fsr-3843	326	13	.	.	PUNCT
fsr-3843	327	1	journal	journal	NOUN
fsr-3843	327	2	of	of	ADP
fsr-3843	327	3	finance	finance	NOUN
fsr-3843	327	4	,	,	PUNCT
fsr-3843	327	5	44	44	NUM
fsr-3843	327	6	,	,	PUNCT
fsr-3843	327	7	149	149	NUM
fsr-3843	327	8	-	-	SYM
fsr-3843	327	9	166	166	NUM
fsr-3843	327	10	.	.	PUNCT
fsr-3843	328	1	rogalski	rogalski	PROPN
fsr-3843	328	2	,	,	PUNCT
fsr-3843	328	3	r.	r.	PROPN
fsr-3843	328	4	,	,	PUNCT
fsr-3843	328	5	&	&	CCONJ
fsr-3843	328	6	tinic	tinic	PROPN
fsr-3843	328	7	,	,	PUNCT
fsr-3843	328	8	s.	s.	PROPN
fsr-3843	328	9	(	(	PUNCT
fsr-3843	328	10	1986	1986	NUM
fsr-3843	328	11	)	)	PUNCT
fsr-3843	328	12	.	.	PUNCT
fsr-3843	329	1	the	the	DET
fsr-3843	329	2	january	january	PROPN
fsr-3843	329	3	size	size	NOUN
fsr-3843	329	4	effect	effect	NOUN
fsr-3843	329	5	:	:	PUNCT
fsr-3843	329	6	anomaly	anomaly	NOUN
fsr-3843	329	7	or	or	CCONJ
fsr-3843	329	8	risk	risk	NOUN
fsr-3843	329	9	mismeasurement	mismeasurement	NOUN
fsr-3843	329	10	?	?	PUNCT
fsr-3843	330	1	finan	finan	PROPN
fsr-3843	330	2	cial	cial	ADJ
fsr-3843	330	3	analysts	analyst	NOUN
fsr-3843	330	4	journal	journal	NOUN
fsr-3843	330	5	,	,	PUNCT
fsr-3843	330	6	42	42	NUM
fsr-3843	330	7	,	,	PUNCT
fsr-3843	330	8	63	63	NUM
fsr-3843	330	9	-	-	SYM
fsr-3843	330	10	70	70	NUM
fsr-3843	330	11	.	.	PUNCT
fsr-3843	331	1	roll	roll	NOUN
fsr-3843	331	2	,	,	PUNCT
fsr-3843	331	3	r.	r.	PROPN
fsr-3843	331	4	(	(	PUNCT
fsr-3843	331	5	1983	1983	NUM
fsr-3843	331	6	)	)	PUNCT
fsr-3843	331	7	.	.	PUNCT
fsr-3843	332	1	vas	vas	PROPN
fsr-3843	332	2	ist	ist	PROPN
fsr-3843	332	3	das	das	PROPN
fsr-3843	332	4	?	?	PUNCT
fsr-3843	333	1	the	the	DET
fsr-3843	333	2	turn	turn	NOUN
fsr-3843	333	3	of	of	ADP
fsr-3843	333	4	the	the	DET
fsr-3843	333	5	year	year	NOUN
fsr-3843	333	6	effect	effect	NOUN
fsr-3843	333	7	and	and	CCONJ
fsr-3843	333	8	the	the	DET
fsr-3843	333	9	return	return	NOUN
fsr-3843	333	10	premium	premium	NOUN
fsr-3843	333	11	of	of	ADP
fsr-3843	333	12	small	small	ADJ
fsr-3843	333	13	firms	firm	NOUN
fsr-3843	333	14	.	.	PUNCT
fsr-3843	334	1	jour	jour	PROPN
fsr-3843	334	2	nal	nal	PROPN
fsr-3843	334	3	of	of	ADP
fsr-3843	334	4	portfolio	portfolio	NOUN
fsr-3843	334	5	management	management	NOUN
fsr-3843	334	6	,	,	PUNCT
fsr-3843	334	7	9	9	NUM
fsr-3843	334	8	,	,	PUNCT
fsr-3843	334	9	18	18	NUM
fsr-3843	334	10	-	-	SYM
fsr-3843	334	11	28	28	NUM
fsr-3843	334	12	.	.	PUNCT
fsr-3843	335	1	a	a	DET
fsr-3843	335	2	tax	tax	NOUN
fsr-3843	335	3	-	-	PUNCT
fsr-3843	335	4	free	free	ADJ
fsr-3843	335	5	exploitation	exploitation	NOUN
fsr-3843	335	6	23	23	NUM
fsr-3843	335	7	rozeff	rozeff	NOUN
fsr-3843	335	8	,	,	PUNCT
fsr-3843	335	9	m.	m.	NOUN
fsr-3843	335	10	,	,	PUNCT
fsr-3843	335	11	&	&	CCONJ
fsr-3843	335	12	kinney	kinney	PROPN
fsr-3843	335	13	,	,	PUNCT
fsr-3843	335	14	w.	w.	PROPN
fsr-3843	335	15	(	(	PUNCT
fsr-3843	335	16	1976	1976	NUM
fsr-3843	335	17	)	)	PUNCT
fsr-3843	335	18	.	.	PUNCT
fsr-3843	336	1	capital	capital	NOUN
fsr-3843	336	2	market	market	NOUN
fsr-3843	336	3	seasonality	seasonality	NOUN
fsr-3843	336	4	:	:	PUNCT
fsr-3843	336	5	the	the	DET
fsr-3843	336	6	case	case	NOUN
fsr-3843	336	7	of	of	ADP
fsr-3843	336	8	stock	stock	NOUN
fsr-3843	336	9	returns	return	NOUN
fsr-3843	336	10	.	.	PUNCT
fsr-3843	337	1	journal	journal	NOUN
fsr-3843	337	2	of	of	ADP
fsr-3843	337	3	financial	financial	ADJ
fsr-3843	337	4	economics	economic	NOUN
fsr-3843	337	5	,	,	PUNCT
fsr-3843	337	6	3	3	NUM
fsr-3843	337	7	,	,	PUNCT
fsr-3843	337	8	379	379	NUM
fsr-3843	337	9	-	-	SYM
fsr-3843	337	10	402	402	NUM
fsr-3843	337	11	.	.	PUNCT
fsr-3843	338	1	star	star	PROPN
fsr-3843	338	2	,	,	PUNCT
fsr-3843	338	3	m.	m.	NOUN
fsr-3843	338	4	(	(	PUNCT
fsr-3843	338	5	1996	1996	NUM
fsr-3843	338	6	)	)	PUNCT
fsr-3843	338	7	.	.	PUNCT
fsr-3843	339	1	the	the	DET
fsr-3843	339	2	january	january	PROPN
fsr-3843	339	3	effect	effect	NOUN
fsr-3843	339	4	:	:	PUNCT
fsr-3843	339	5	dead	dead	ADJ
fsr-3843	339	6	or	or	CCONJ
fsr-3843	339	7	just	just	ADV
fsr-3843	339	8	missing	miss	VERB
fsr-3843	339	9	in	in	ADP
fsr-3843	339	10	action	action	NOUN
fsr-3843	339	11	?	?	PUNCT
fsr-3843	340	1	pensions	pension	NOUN
fsr-3843	340	2	&	&	CCONJ
fsr-3843	340	3	investments	investment	NOUN
fsr-3843	340	4	,	,	PUNCT
fsr-3843	340	5	24	24	NUM
fsr-3843	340	6	,	,	PUNCT
fsr-3843	340	7	3	3	NUM
fsr-3843	340	8	,	,	PUNCT
fsr-3843	340	9	31	31	NUM
fsr-3843	340	10	.	.	PUNCT
fsr-3843	341	1	sharpe	sharpe	PROPN
fsr-3843	341	2	,	,	PUNCT
fsr-3843	341	3	w.	w.	PROPN
fsr-3843	341	4	r.	r.	PROPN
fsr-3843	341	5	(	(	PUNCT
fsr-3843	341	6	1966	1966	NUM
fsr-3843	341	7	)	)	PUNCT
fsr-3843	341	8	.	.	PUNCT
fsr-3843	342	1	mutual	mutual	ADJ
fsr-3843	342	2	fund	fund	NOUN
fsr-3843	342	3	performance	performance	NOUN
fsr-3843	342	4	.	.	PUNCT
fsr-3843	343	1	journal	journal	NOUN
fsr-3843	343	2	of	of	ADP
fsr-3843	343	3	business	business	NOUN
fsr-3843	343	4	,	,	PUNCT
fsr-3843	343	5	39	39	NUM
fsr-3843	343	6	,	,	PUNCT
fsr-3843	343	7	119	119	NUM
fsr-3843	343	8	-	-	SYM
fsr-3843	343	9	138	138	NUM
fsr-3843	343	10	.	.	PUNCT
fsr-3843	344	1	the	the	DET
fsr-3843	344	2	tiaa	tiaa	VERB
fsr-3843	344	3	-	-	PUNCT
fsr-3843	344	4	cref	cref	NOUN
fsr-3843	344	5	accounts	account	NOUN
fsr-3843	344	6	(	(	PUNCT
fsr-3843	344	7	1997	1997	NUM
fsr-3843	344	8	)	)	PUNCT
fsr-3843	344	9	.	.	PUNCT
fsr-3843	345	1	profiles	profile	NOUN
fsr-3843	345	2	on	on	ADP
fsr-3843	345	3	performance	performance	NOUN
fsr-3843	345	4	:	:	PUNCT
fsr-3843	345	5	1997	1997	NUM
fsr-3843	345	6	.	.	PUNCT
fsr-3843	346	1	new	new	PROPN
fsr-3843	346	2	york	york	PROPN
fsr-3843	346	3	:	:	PUNCT
fsr-3843	346	4	teachers	teacher	NOUN
fsr-3843	346	5	insurance	insurance	PROPN
fsr-3843	346	6	and	and	CCONJ
fsr-3843	346	7	annuity	annuity	NOUN
fsr-3843	346	8	association	association	PROPN
fsr-3843	346	9	college	college	PROPN
fsr-3843	346	10	retirement	retirement	PROPN
fsr-3843	346	11	equities	equities	PROPN
fsr-3843	346	12	fund	fund	PROPN
fsr-3843	346	13	.	.	PUNCT
fsr-3843	347	1	tinic	tinic	PROPN
fsr-3843	347	2	,	,	PUNCT
fsr-3843	347	3	s.	s.	PROPN
fsr-3843	347	4	,	,	PUNCT
fsr-3843	347	5	&	&	CCONJ
fsr-3843	347	6	west	west	PROPN
fsr-3843	347	7	,	,	PUNCT
fsr-3843	347	8	r.	r.	PROPN
fsr-3843	347	9	(	(	PUNCT
fsr-3843	347	10	1984	1984	NUM
fsr-3843	347	11	)	)	PUNCT
fsr-3843	347	12	.	.	PUNCT
fsr-3843	348	1	risk	risk	NOUN
fsr-3843	348	2	and	and	CCONJ
fsr-3843	348	3	return	return	NOUN
fsr-3843	348	4	:	:	PUNCT
fsr-3843	348	5	january	january	NOUN
fsr-3843	348	6	vs.	vs.	ADP
fsr-3843	348	7	the	the	DET
fsr-3843	348	8	rest	rest	NOUN
fsr-3843	348	9	of	of	ADP
fsr-3843	348	10	the	the	DET
fsr-3843	348	11	year	year	NOUN
fsr-3843	348	12	.	.	PUNCT
fsr-3843	349	1	journal	journal	PROPN
fsr-3843	349	2	of	of	ADP
fsr-3843	349	3	financial	financial	ADJ
fsr-3843	349	4	economics	economic	NOUN
fsr-3843	349	5	,	,	PUNCT
fsr-3843	349	6	13	13	NUM
fsr-3843	349	7	,	,	PUNCT
fsr-3843	349	8	561	561	NUM
fsr-3843	349	9	-	-	SYM
fsr-3843	349	10	574	574	NUM
fsr-3843	349	11	.	.	PUNCT
fsr-3843	350	1	treynor	treynor	NOUN
fsr-3843	350	2	,	,	PUNCT
fsr-3843	350	3	j.	j.	PROPN
fsr-3843	350	4	l.	l.	PROPN
fsr-3843	350	5	(	(	PUNCT
fsr-3843	350	6	1965	1965	NUM
fsr-3843	350	7	)	)	PUNCT
fsr-3843	350	8	.	.	PUNCT
fsr-3843	351	1	how	how	SCONJ
fsr-3843	351	2	to	to	PART
fsr-3843	351	3	rate	rate	VERB
fsr-3843	351	4	management	management	NOUN
fsr-3843	351	5	of	of	ADP
fsr-3843	351	6	investment	investment	NOUN
fsr-3843	351	7	funds	fund	NOUN
fsr-3843	351	8	.	.	PUNCT
fsr-3843	352	1	harvard	harvard	PROPN
fsr-3843	352	2	business	business	PROPN
fsr-3843	352	3	review	review	PROPN
fsr-3843	352	4	,	,	PUNCT
fsr-3843	352	5	43	43	NUM
fsr-3843	352	6	,	,	PUNCT
fsr-3843	352	7	63	63	NUM
fsr-3843	352	8	-	-	SYM
fsr-3843	352	9	75	75	NUM
fsr-3843	352	10	.	.	PUNCT
fsr-3843	353	1	wachtel	wachtel	PROPN
fsr-3843	353	2	,	,	PUNCT
fsr-3843	353	3	s.	s.	PROPN
fsr-3843	353	4	(	(	PUNCT
fsr-3843	353	5	1942	1942	NUM
fsr-3843	353	6	)	)	PUNCT
fsr-3843	353	7	.	.	PUNCT
fsr-3843	354	1	certain	certain	ADJ
fsr-3843	354	2	observations	observation	NOUN
fsr-3843	354	3	on	on	ADP
fsr-3843	354	4	seasonal	seasonal	ADJ
fsr-3843	354	5	movements	movement	NOUN
fsr-3843	354	6	in	in	ADP
fsr-3843	354	7	stock	stock	NOUN
fsr-3843	354	8	prices	price	NOUN
fsr-3843	354	9	.	.	PUNCT
fsr-3843	355	1	journal	journal	NOUN
fsr-3843	355	2	of	of	ADP
fsr-3843	355	3	busi	busi	NOUN
fsr-3843	355	4	ness	ness	ADJ
fsr-3843	355	5	,	,	PUNCT
fsr-3843	355	6	15	15	NUM
fsr-3843	355	7	,	,	PUNCT
fsr-3843	355	8	184	184	NUM
fsr-3843	355	9	-	-	SYM
fsr-3843	355	10	193	193	NUM
fsr-3843	355	11	.	.	PUNCT
fsr-3843	356	1	wilcox	wilcox	PROPN
fsr-3843	356	2	,	,	PUNCT
fsr-3843	356	3	m.	m.	NOUN
fsr-3843	356	4	(	(	PUNCT
fsr-3843	356	5	1997	1997	NUM
fsr-3843	356	6	)	)	PUNCT
fsr-3843	356	7	.	.	PUNCT
fsr-3843	357	1	get	get	VERB
fsr-3843	357	2	the	the	DET
fsr-3843	357	3	max	max	PROPN
fsr-3843	357	4	from	from	ADP
fsr-3843	357	5	your	your	PRON
fsr-3843	357	6	401	401	NUM
fsr-3843	357	7	(	(	PUNCT
fsr-3843	357	8	k	k	NOUN
fsr-3843	357	9	)	)	PUNCT
fsr-3843	357	10	plan	plan	NOUN
fsr-3843	357	11	.	.	PUNCT
fsr-3843	358	1	kipplinger	kipplinger	PROPN
fsr-3843	358	2	's	's	PART
fsr-3843	358	3	personal	personal	ADJ
fsr-3843	358	4	finance	finance	NOUN
fsr-3843	358	5	magazine	magazine	NOUN
fsr-3843	358	6	,	,	PUNCT
fsr-3843	358	7	51	51	NUM
fsr-3843	358	8	,	,	PUNCT
fsr-3843	358	9	52	52	NUM
fsr-3843	358	10	-	-	SYM
fsr-3843	358	11	54	54	NUM
fsr-3843	358	12	.	.	PUNCT