If you’ve been invested for at least a couple of years, you’re familiar with the old Wall Street adage, “Sell in May and go away.” It refers to the period between May and October when the market - on average - underperforms the prior six months. The adage suggests you’d be better off in cash from May to October.
Like all proverbs, maxims, and saws, there is a grain of truth in there somewhere. Indeed, history clearly shows the market’s strongest six-month period is November to April. History also shows September to be the most active hurricane month. Does that stop people from going to the beach that month? Not the beaches I try to book for a vacation. Why? |
AuthorDavid Alan Carter Archives
May 2024
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