/biz/ - Business & Finance

Commencing Sell in May and Go Away Bear market SP500 vs NIKKEI Dump, make up your own minds.

Commencing Post on Why I'm Selling in Late May, and will buy back in in late 2021.

>READ FIRST
https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

So /tsg/, my current prediction is that the overall SPX has a high likelihood of rolling over in June of this year. A sinking tide lowers all boats.

But this is nice, as it coincides with my expectations of a bump in mid to late may in my tankers, and as well my tankers have been swinging from higher highs and higher lows all along the way.

This has multiple factors.

Firstly, markets have had the age old saying of sell in may and go away. Sounds like BS right? Looking back, there has been a slight trend, but not enough to warrant worry. Well not if you examine MAY BEAR MARKETS only, and make no mistake we are in a bear market; if you disagree we'll just have to agree to disagree on this fact.

Observe chart 1 of SPX, I've marked out the ONLY may of the bear market. Interesting right? Bear market rally, with a crash during and after may. But 1 graph isn't enough, we need to go deeper. Lets look at the Dotcom crash.