A Fool's Take On "Sell In May And Go Away"
I saw this article Tweeted out by Market Watch earlier:
Sell in May and go away just kills me. It is ass-backwards from what long-term investors need to be thinking. If stocks are getting killed May-October then maybe that implies prices are low? Ya think? Well I don't know about you but I agree with Warren Buffett when he said (and I'm paraphrasing here) but as net buyers of stocks we are happy to see prices go down in the short-term. It means we're getting better deals for the stocks we hold on to for long periods of time, hence we will earn better returns (assuming we are investing in awesome companies which we tend to do.
OK so I have a new Foolish spin on "Sell in May" and here it is:
Sell in May and go away is the wrong way to play; be prepared to buy stocks every single day!
Let's start pushing that one around and see if we can't completely unseat the old one with our new, Foolish one.