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Sell in May and come back on St. Leger’s day
“sell in May and go away” is known in the UK as “sell in May and come back on St. Leger’s day”, which is the second Saturday in September. History says brokers, traders, etc., went to Henley for the rowing, Ascot for racing, Lords for cricket and so on and in the absence of mobile phones and tablets, the stock market went quiet.
In May 2013 the market kept climbing higher, until the last week when it fell off and into June.
“sell in May and go away” is known in the UK as “sell in May and come back on St. Leger’s day”, which is the second Saturday in September. History says brokers, traders, etc., went to Henley for the rowing, Ascot for racing, Lords for cricket and so on and in the absence of mobile phones and tablets, the stock market went quiet.
In May 2013 the market kept climbing higher, until the last week when it fell off and into June.