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One of the popular market maxims is the seasonal phrase “Sell in May and Go Away!”
The lengthier version is "Sell in May, leave away, come again, St. Leger Day."
Many folks think the idea of selling stocks in May each year originated in Britain when the privileged class would leave London and travel to their country estates for the summer…
Taking a break from their investment portfolios…
Until coming back in September.
We still see this phenomenon in the present day with Wall Street, etc taking the summer off to vacation in the Hamptons, Nantucket and similar hotspots.
Meanwhile, the “Halloween Effect” is basically the opposite of the “Sell in May…” concept.
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