Wednesday, September 5, 2012

Sell In September?

"Sell in May and go away," an old stock market adage, advises investors to sell stocks in May and not reinvest until the fall, typically around Halloween. Since 1896, September has been the Dow Jones Industrial Average's worst month with an average loss of about 1 percent. And since 2000, September has seen an average loss of 2.12 percent. On the bright side, 5 of the last 7 Septembers have had positive returns.  Whether or not September 2012 has another negative return remains to be seen, but technical analysts should have already left the stock market.