Many investors are familiar with the adage, "sell in May and go away," as superior market returns have been achieved in the November to April period. This adage has not always worked though. Standard & Poor's notes the sell in May approach would have been correct in two out of three years. After bear markets though the May to October period is generally a strong one.
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In investing, few strategies are certain. Given the market's strong advance since early March, consolidating some of the recent gains would be healthy: perhaps a near retesting of some earlier technical lows, like the 50 day moving average around 812.Source:
Sell in May? ($)
The Outlook
Standard & Poor's
By: Sam Stovall, Chief Investment Strategist
May 13, 2009
http://www.outlook.standardandpoors.com/NASApp/NetAdvantage/servlet/login?url=/NASApp/NetAdvantage/index.do
1 comment :
I expect to see prices decrease substantially and sideways movement until September.
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