iBankCoin
Joined Jan 27, 2008
7,051 Blog Posts

Sell In August, Come Back For Candy In October

Who made the phrase “Sell in May and go Away?” The month of May itself, seasonally speaking, is normally a good month for stocks. But, that’s not what I’m here to bring to your attention tonight. The month of August, seasonally speaking, is when things start to get a little hairy. Just take a look at the seasonality chart for the $SPY inside Exodus:

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It’s time to get your kid’s affairs in order. It’s back to school season, toss your stocks to the side and buy your kid a nice pair of nikes. If you don’t have kids, then buy yourself a nice pair of nikes. At least you will have a new pair of shoes instead of watching your money flame up in a barrel of garbage in the month of August.

Cautious Warranted for the month.

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