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The lack of enthusiasm from investors may reverse iself on July 1, when a new quarter begins and the Federal Reserve has moved to the sidelines. Then again, earnings season will get going in July, so it’s anybody’s guess whether investors will remain cautious or not. “It’s not July 1 yet, and nobody lately has really been rewarded for buying early,” says Mr. Najarian.
http://blogs.wsj.com/marketbeat/2008/06/23/buy-stocks-let-me-check-the-calendar/