Wednesday, August 31, 2011

Sell in May...

The old adage to sell in May and go away for the summer certainly held true for 2011.  As the summer draws to a close, hopefully so does the thrashing that markets have taken since May 1st.  It's tough to remember that at one point this year the S&P 500 was up almost 9%.  Since then we're down 10.5% on the S&P, sitting below where we started the year at 1255.


For the Dow, it's been a wild to end up almost exactly where we started.  $100 invested on January 1st is now worth $100.31


This marks 2nd straight year that the summer months haven't been kind to the equity averages.  Can 2012 make it 3 in a row?  Let's hope not!


No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.