Wall Street needs a new rhyme for 'sell in May and go away'
A trader works on the floor of the NYSE
Thomson Reuters
- Wall Street needs a new rhyme for "sell in May and go away."
- According to Carson Group's Ryan Detrick, maybe an alternative is "buy in May and stay."
- That's because stocks have historically moved higher during the summer period so many investors fear.
"Sell in May and go away" is an old Wall Street adage that highlights the fact that the stock market's worst six-month stretch of performance is historically May through October.
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