Its spring (almost) and time to do things besides sit inside, watch tv and worry about the next media hyped crisis. For many years there was a belief that companies slowed down production and therefore earnings when we all came out into the sunlight. I guess when we were an industrial based country that relied on manpower to assemble cars and put labels on bottles this made some sense. Because of this there was an old axiom that was summed up as " Sell in May and Go Away". The idea was that because of the slow down it made sense to sell your stocks in May, or the end of April and then buy them back in the fall...when industry returned from the sunlight and refocused, refreshed, on production.
In a globalized, mechanized, computerized interconnected world this old adage is another quaint saying that only 'really old people' (guys like me) remember and understand the meaning of. BUT the media still hypes it, CNBC talks about it, and many believe to be worth paying attention to.
The below chart highlights the fallacy in this line of thought and may help you sleep better knowing that you are not missing out by sticking with your investment plan.
Thaks to our friends at First Trust for bringiong to light facts versus fiction.
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