Normal
The original "Sell in May and go away" was from ancient times in the northern hemisphere, when holders would sell / reduce their stocks, go away for the summer holidays without a care in the world, and then come back on (according to many references) St Ledger's Day. So the traders would get their summer off on holidays, enjoy the autumn horse race, and then come back for a winter / spring of trading stocks.Nothing to do with Aussie stocks.For Australia, the reason that May can be a decent month is that everyone is stocking up on their bank shares, so that they meet the 45 day rule for all these juicy dividends and their attached franking credits that will be announced on Wednesday (ANZ), Thursday (NAB) and next Monday (WBC).KH
The original "Sell in May and go away" was from ancient times in the northern hemisphere, when holders would sell / reduce their stocks, go away for the summer holidays without a care in the world, and then come back on (according to many references) St Ledger's Day. So the traders would get their summer off on holidays, enjoy the autumn horse race, and then come back for a winter / spring of trading stocks.
Nothing to do with Aussie stocks.
For Australia, the reason that May can be a decent month is that everyone is stocking up on their bank shares, so that they meet the 45 day rule for all these juicy dividends and their attached franking credits that will be announced on Wednesday (ANZ), Thursday (NAB) and next Monday (WBC).
KH
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