Has an era come to an end?

Eco_Miser

ratechaser said:

Thrugelmir said:

Investors become more optimistic as spring arrives. Hence the old stock market adage "Sell in May and go away, come back on St. Leger’s Day". 

I thought that was because the traders of old had nice country houses to go to in summer (away from the ripe odours of London) and wanted to clear their exposure while they were away... no phones or DMA back then...

Country houses, and race meetings, regattas, Wimbledon... Basically in June, July and August the social calendar was far too crowded to bother with trading stocks.

Yes, that era has come to an end, to get back on topic.

Alexland

ratechaser said:

Well if you think it's coming you could always move to cash for the time being and then buy the dip

Maybe I should have done as markets have been a bit sluggish so far this week with some of the previous gains reversing out. Easy come easy go I guess.

ratechaser

Alexland said:

ratechaser said:

Well if you think it's coming you could always move to cash for the time being and then buy the dip

Maybe I should have done as markets have been a bit sluggish so far this week with some of the previous gains reversing out. Easy come easy go I guess.

Believe me I was thinking the same, but in the long run no good will come of it!

Alexland

ratechaser said:

Believe me I was thinking the same, but in the long run no good will come of it!

Yes you're right even if it was looking pretty obvious at the end of last week. Sigh.

Zorillo

I thought it looked pretty obvious around the Biden inauguration, and actually sold out of VLS100 at what I perceived to be a highwater mark. I'm still waiting to get back in, having learned my lesson.