views on markets, equities, bonds, derivatives, finance, investing, the economy
Sell in May ... err, June and go away?
Sell in May ... I mean, June and go away? | The Courier-Journal | courier-journal.com
: "June happens to be the worst-performing month for the Dow the past 20 years, falling 0.8%, on average, and finishing the month higher only 40% of the time, according to Bespoke Investment Group. It also is the second-worst month going back 50 years. In short, June is more of a dud than May. May gets its reputation as a good time to sell because it marks the start of what historically has been the worst six-month stretch (May-October) for stocks. So just because stocks didn't stick to the script and dip in May, doesn't mean June, or the next five months, are going to be profitable for stock investors, history suggests. "If there's a month when the bears have a chance of winning this year, it's probably (June)," notes Paul Hickey, co-founder or Bespoke Investment Group."
Post a Comment