Sell in May? Part 1
Sell in May and go away
The bourgeoisie
An old truism of the stock marketeers that keeps the stock marketeers boiling over and over again, right on time at the beginning of May each year. So this year 2020, too, some are calling to leave the stock markets for a limited time, while others are only getting angry about it. The internet is full of analysis, strategies and predictions, so it does not seem advisable to try again, in other words to describe the same phenomenon here.
The origin of the statement is not entirely clear. The expression was originally said to be:
"Sell in May and go away, and come on back on St. Leger's Day."
This is said to refer to a habit of the London upper class that left the city in the hot summer months. She is said to have returned in mid-September because one of the three most important horse races took place on St. Legers Day. The US stock traders are said to have adapted this saying according to their needs. One can safely assume that the London noblemen and bankers were "not amused" about this alienation, although we have not heard any confirmed reactions.
How has the market responded to this call in the past? We'll discuss that soon.
