money makers
Nice work if you can get it!
There have been many studies done over the years on this and other "Wall Street adages", and while they do have some validity, they are not a basis for investment decisions.
My two favorites which I heard at the dinner table every night (as a kid) were.
1. Its better not to know so much, then to know so much that is not so!
2. You can make more money with your A$$, then you can with your brains!
Both these adages (i believe) were coined by one of the founders of General American Investors Corporation.
Much is made every year of the "sell in May" phenomenon. Its basis is rooted in the fact that the best performance for the market has generally come in the November through April period, while the worst has come between May and October.
There is some truth to the adage. According to data compiled by Ned Davis Research (NDR), through the beginning of May this year the average performance for the period from May 1 through October 31 each year since 1950 was 1.2%. The average performance for the period from November 1 through April 30 each year since 1950 was 7.0%.
As compelling as those numbers may seem, there are many things to consider, especially if it's your inclination to develop a trading strategy around those seasonal patterns. First, the calendar months individually tend to fall into either the "hot" or "cold" columns for performance, as you can see in the table below. Three of the six months that fall into the "all out" period spanning from May through October are actually historically strong months, while three of the six months that fall into the "all in" period spanning from November through April are actually historically weak months
All that being said the exceedingly reliable W2R Whee signal was very clear this spring and I was sorely tempted to get out.
All that being said the exceedingly reliable W2R Whee signal was very clear this spring and I was sorely tempted to get out.*
*(Normally there would be a but after this several straight weeks of loss I am not so pleased.)
Right. This is so obviously untrue, so often. The market is priced by a lot of emotionally unstable teenagers with a time horizon of 20 milliseconds.The other adage or myth that I also love is "its already priced in by the market"
I wonder for those here still invested, are you're able to turn a blind eye to all this, or are your nerves rattled yet and ready to sell?
....I wonder for those here still invested, are you're able to turn a blind eye to all this, or are your nerves rattled yet and ready to sell?
+1 (I did the same)...I did not get out but I harvested some gains which I have done every time the Whee has been mentioned . It is the most reliable signal I have found .
The market is making me nervous. Should have sold in April or early May, but stayed invested. Since then, every day seems to bring more bad news and another drop. Greece, Italy, and now Spain impacting world markets, China slowdown. Today was another 2% down.
I wonder for those here still invested, are you're able to turn a blind eye to all this, or are your nerves rattled yet and ready to sell?
The market has never made me nervous and I can honestly say I have never lost a minute of sleep over the gyrations of the stock market. I truly believe if you have a sound plan, stick with it and don't let your emotions get the best of you, all will be OK. As someone once said, we are our own worst enemy and I do think in most people's cases that is true.