There on the international stock market so-called "January effect" argument refers to the global capital will flow into the intensive international stock markets at the beginning of each year, resulting in the broader market in January is more prone to the bull market. Is generally believed that the funds will be rushing to the stock market in January reasons include: re-planning portfolio and entering a card, year-end bonuses, many pension funds holding rate swap operation at this time and aggravation fund managers.