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| CNBC (Photo credit: Wikipedia) |
"Sell in May and go away." You hear it all the time, year after year as we get closer to the summer. Turn on CNBC and you hear the hosts (otherwise known as talking heads) constantly mentioning "Sell in May and go away" - like it's been pre-programmed into each one of their heads. "Don't worry about the facts, just tell the story." Or go to a financial website and you can't help but find an article talking about the same strategy. But the thing lacking in the arguments are facts. Where and what are they?
Some of you may remember Sergeant Joe Friday of Dragnet, whose favorite line in interviewing somebody was "Just the facts, ma'am." So, I decided to pull historical data from 1988 to present (6 previous election cycles) and look at monthly returns for the S&P 500 to try to determine if there has indeed been a trading pattern from which we can learn and profit (or avoid loss)... Continue to read.
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