“Sell in May and Go Away” is an old stock market adage. Historically, the Stock Market tends to perform better from Halloween to May Day than the other six summer months. It is hence called Halloween Indicator as well.
Tomorrow is Halloween 2020. Should I start buying? Let’s look at the Dow Jones Industrial Average.
We had the COVID crash this year but looks like the DJIA index is slowly recovering…but with COVID second wave and the US Presidential Election, I think I’ll just use the very useful meaningless phrases like “I’m cautiously optimistic” or “Take a Wait and See Approach”. Don’t I sound smart without really saying anything? I think by just copying and pasting the chart above (from google), I misled you. Happy Halloween!
For more meaningless but useful phrases, check out Business Insider’s article: 14 Meaningless Phrases That Will Make You Sound Like A Stock-Market Wizard.
Did you know funny cartoons increase engagement with your readers? The cartoon used in this article is on sale at my store.