Closed-End Fund Market Commentaries
Apr 18, 2017
Click here to access Sell in May and Go Away! What is so Scary?
View from the Observation Deck
1. The old axiom in the stock market about selling your stocks at the close of April and then buying back in at the start of November once made some sense from a seasonality standpoint.
2. When the U.S. was more of an industrialized economy it was not uncommon for plants and factories to close for a month or longer in the summer to retool and allow employees to vacation.