An Annual Worldwide Optimism Cycle (Sell in May)?
June 25, 2009 - Animal Spirits, Calendar Effects
Does the conventional wisdom to “sell in May,” with the average stock return during November-April far exceeding that for May-October, work for the world equity market? If so, why? In the November 2005 version of his paper entitled “The Optimism Cycle: Sell in May”, flagged by a reader, Ronald Doeswijk examines the hypothesis that this… Keep Reading