Chart of the Day
The stock market has entered what has historically been the weakest half of the year. Today's chart illustrates that investing in the S&P 500 during the six months of November through April accounted for the vast majority of S&P 500 gains since 1950. While the May through October period has seen mild gains during major bull markets (i.e. 1950-56 & 1982-97), the overall out performance during the months of November through April is nevertheless compelling. Hence the saying, “sell in May and walk away.” Stay tuned...
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Source - Pinnacle Data
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Quote of the Day
"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." - Mark Twain
Events of the Day
May 05, 2005 - Cinco de Mayo (Mexico)
May 07, 2005 - Kentucky Derby
May 08, 2005 - Mother's Day
May 11, 2005 - Cannes Film Festival begins (ends May 22nd)
May 15, 2005 - Armed Forces Day
May 15, 2005 - Preakness Stakes
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