Sell in May and Go Away Except When It’s A Darn Good Year Already

Comments Off Written on June 2nd, 2014 by
Categories: Nifty

The Nifty, Year to Date, till May has had the second best return since 1999, eclipsed only by the stellar return in 2009.

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Will it sustain?

In most earlier years that have seen more than 10% returns YTD in May, the momentum has sustained - 2009 ended up 40%. The years  1997 and 1999 ended up even higher than their May returns. 1996 was the outlier, starting at +20% in May and ending up -1%.

Maybe you shouldn’t Sell in May and Go Away.

Errata: The 1996 returns have been corected- bad excel magic! Thanks to Kora at @paststat for recognizing this.

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About the Author:
http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.