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Investors Gone Wild

Capital markets are designed to reallocate money from dumb people to smart people. If that weren’t true, smart people wouldn’t play. Smart people don’t play unless they have a probability of winning. For example, smart people don’t tend to play the lottery. (If you have ever wondered why the PowerBall winner is [...]

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SELL IN MAY AND GO AWAY?
Years ago we learned about the reference tool, Stock Trader’s Almanac, published by Yale Hirsch. One of their notable pieces of information is called “Market Seasonality.” The premise this study is that the market performs far better during the November through April time period than it does from May through [...]

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