Originally Posted by
macduffy
Correct, percy. FN Arena made this comment in their latest weekly roundup:
"The Big Elephant in the room of global equity markets is, of course, the usual seasonal pattern that has firmly characterised five out of six calendar years post 2009.
With the exception of 2014, in all other years global indices enjoyed one last hurray leading into late April/early May only to subsequently take a dive to lower levels."
A bit strange, really, considering that the old "sell in May and go away" is said to date from the days of well-heeled London brokers taking the summer off for social reasons - Wimbledon, Lords, etc! Or at least, that's what I was told when I worked briefly in London in the 80's.