By Sam Ro
It’s May. And one of the oldest “rules” on Wall Street is “sell in May and go away.”
Based on some rough historical observations, someone decided that it might be a great idea to stay out of the stock market between May and sometime in the fall.
The truth is that the market doesn’t tank during that period. Returns are just lackluster, not negative.
FBN Securities’ JC O’Hara ran the numbers for the past 20 years and charted the returns.
