Wednesday, August 31, 2011

Sell in May...

The old adage to sell in May and go away for the summer certainly held true for 2011.  As the summer draws to a close, hopefully so does the thrashing that markets have taken since May 1st.  It's tough to remember that at one point this year the S&P 500 was up almost 9%.  Since then we're down 10.5% on the S&P, sitting below where we started the year at 1255.

For the Dow, it's been a wild to end up almost exactly where we started.  $100 invested on January 1st is now worth $100.31

This marks 2nd straight year that the summer months haven't been kind to the equity averages.  Can 2012 make it 3 in a row?  Let's hope not!

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