Go Away in May? Or the Bull is here to stay?

[dhukka]

The optimists were outnumbered 2:1 in April but they prevailed as the XAO broke it's 5 month losing streak rising 4.6% for the month. So what will May bring?

The go away in May statistic really doesn't jibe with the data on the Aussie market. Since 1985 the XAO rose 15 times and declined just 8 times during the month of May. So what say ye?

The poll will stay open until Friday.

 

[Kimosabi]

Re: Go Away in May? Or the Bulll is here to stay?

I'm a Bull in ****...

Anyone who's paying attention will know what I'm talking about.

 

[Buster]

Hey ASF'ers,

Maybe a simplistic view, and one that will attract the odd flame or two )) ..

I think the number of brokerage houses in the poop at the moment having had thier 'assets' recalled by thier creditors, and subsequently sold off to clean up the creditors books, is artifically depressing the prices of many good quality 'Blue Chip' stocks..

Just my opinion, with absolutely nothing to back it up except my sentiment, I believe that there are some absolute gems on the market at the moment and have been taking advantage for long term holds.. I think the 'Blue Chip' market is safe to enter now, with those willing to take on risk reaping some significant reward.

I'm sure I'll get plenty of ribbing if the doom and gloom continues and the market falls further, but I really don't expect that to occur.. There is the spectre of the 'book balancing' in June just before the new financial year that could produce some volitility.. but hey, we get that pretty much every year..

Bottom line, no real Bull, but some fair returns to be had over the the short term.. I'd tip the bull won't run hard for at minimum 6 - 8 months or so..

Regards,

Buster

 

[osmosis]

Here's another take on the old adage.

http://www.marketwatch.com/news/sto...x?guid={D0F750DF-9751-4C62-9F66-84C8578E9597}

Bottom Line:

Average summer gain for the Dow
When Dow during previous (US)winter went up: +3.55%
When Dow during previous (US)winter declined: -1.46%

I suggest that this holds true particularly this year.