"Sell in May and go away" - So Far, So Good
An investor who placed $10,000 in the Dow average at the end of April each year since 1950 and sold at the end of October would have a net loss of $272, according to [the calculations of Jeffrey Hirsch, president of the Hirsch Organization in Nyack, New York]. Someone doing the opposite would have gained $534,323.
The Dow has risen 0.3 percent on average in the May-to- October period since 1950. For November through April, the Dow has climbed 7.9 percent -- a performance that reflects year-end bonuses, tax refunds and pension-fund contributions flowing into stocks.
As for this year, well...