Jeffery Hirsch, editor-in-chief of the Stock Trader’s Almanac, contends that while stockmarkets can’t be predicted, they nevertheless exhibit well-established cyclical patterns. These can’t be dogmatically applied to timing the market, but they can prove a useful guide.
Here are three important takes from his book, Stock Market Cycles:
1. Sell in May and go away, come back on St Ledgers Day (late October)