Come Back on St Ledger Day
You have almost certainly heard of the expression “Sell in May and go away”. What you may not know is that the full expression is “Sell in May and go away, don’t come back ‘til St Leger Day”. St Leger Day was on September 15 this year. It is a horse race (four-day racing festival) in England (Doncaster) that marks the end of the traditional summer social calendar.
The suggestion is that since September 15 we have now entered the best six months (seven months actually) for making money in the stock market.
The expression came from the idea that the May Day holiday (1st of May – think of Maypoles) marked the beginning of the English summer social season. The social calendar starts with the May Day holiday, then the English Polo...Continue Reading