Australian Investment Blog

Morning Report 29/04/2016

Market Matters Morning Report Friday 29th April 2016

Sell in May and go away" is looming for stocks, is 2016 different? Over the last 64 years the Dow Jones has on average been down between May and October, compared to significant gains between November and April - the take out from those numbers is not rocket science. The regularly quoted phrase that brokers / investors commence citing at this time of year...."sell in May and go away", clearly does have some foundation. As we all know most statistics can be structured to tell the story the commentator is spruiking so today we will attempt to be totally objective when applying this seasonal factor to today's markets post the GFC, while keeping everything simple:

5 of the last 7 years have witnessed a decent correction from an April / May top.

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