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Although most studies attempted to adjust for major confounders, the possibility of residual confounding remains

"Because of the enormous volume of product that ships into US ports from China, it may be easier and lower cost to smuggle Chinese cigarettes into California markets through US ports than to try to capitalize on tax arbitrage by transporting products across the continental US." There's a lesson here for policymakers and activists who seek to discourage consumption of otherwise legal products that they don't like through confiscatory sin taxes and intrusive red tape

In the previous sentiment analysis, we mentioned that extreme levels of bearish sentiment ( over SOOJo) often coincide with above-average returns (for the following 3-6 months) for benchmark indexes such as the S&P

van Schalkwyk MCI, McKee M, Been JV, Millett C, and Filippidis FT