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I think that it depends per country. In my country we have a austin reaves stripes running T shirt of Saint Nicolas. His day on the ecclesiastical calendar is the 6th of December. But the Saintly Bishop arrives in our country around the 15th of November. That is also the moment that the High Streets get their decorating lights. Days are short it gets dark shortly after four o’clock. The decorations in the shops are focused on Saint Nicholas. Special sweets and presents for children. There are special children shows on television. When I was a child we were invited to come to the head office of my father’s employer, Unilever, for a special afternoon with a magician and of course a visit by the saint Nicholas himself, with his assistants Zwarte Piet. (Black Peter) At the end we were given a nice small present, chosen of course by our parents (but of course we did not know). After the 6th of December when Saint Nicholas had returned to Spain or Heaven, the shops turn on to Christmas decorations. Some times we see some imported Fathers Christmas but we do not have narratives about father Christmas.
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. As I mentioned before, this is why it’s possible for austin reaves stripes running T shirt to beat Q3 2021 guidance and still have their stocks go down the toilet. It’s no surprise that the companies which are more speculative (with no revenues and cash flow to back up their valuations) get destroyed first, and then the mid-caps, and then the more solid companies with the revenues and cash flow to back up their valuations (e.g. Tesla, Google, and Facebook)? In fact, the large and mega-cap companies (or “liquid leaders”) are typically where large hedge funds and financial institutions “hide and take shelter” when they notice that something is wrong and a bubble is inflating. And so, they slowly start to move from more speculative names to the “safer” and large-cap names.