Market Wisdom and Myth
Today I want to depart from my usual format to consider two Wall Street adages that are adrift in the early fall air. Sometimes, this folk wisdom turns out to be based on demonstrable facts. And sometimes it does not.
First, you have all heard the old saw, "Sell Rosh Hashanah, Buy Yom Kippur." Well, is there anything to it, or is it just an old folktale? It doesn't come into play every year. But since 1971, the Dow Jones Industrial Average has had an average loss of 0.7% during that roughly 1 1/2 week period, according to Jeffrey Hirsch, editor-in-chief of the Stock Trader's Almanac....697 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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