Sell in May….

One of the most well known sayings on Wall-Street is “Sell in May and Go Away,” the main focus of this saying expresses the view that traders and portfolio managers tend to take the summer off from investing.  To do this managers close out some of their underlying positions or most likely just make less trades over the course of the summer.  While I have experienced this trend many times over the course of my career, I am not sure it will happen this summer.   I am sure that things will be slower during the summer around some of the major holidays, I don’t feel that people will be completely absent from the markets like previous years.  If nothing else it maybe the individual trader who carries the market through the summer “doldrums.”  I believe that there is too much riding on the next few months for people to just walk away and forget about the markets until September.  DC

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