Champion (1938-39) gives the saying, “Sell in May and then go away,” as a proverb from the British Isles, commonly heard at the “Stock Exchange.” From what we can discern, it has become popularized in the financial press due to the efforts of Yale Hirsch over at Stock Traders Almanac. In fact, our own research tends to confirm its accuracy.
Based on the Dow-Jones Industrial Average, the month of June has seen declines in 35 of the 52 years (67%) since 1961. Furthermore, August, June and September consecutively rank as the worst performing months of the DJI since 1950. We find it fascinating…..
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