Tag Archives: St. Leger’s

Sell in May

“Sell in May, and go away; come back on St. Leger’s Day”, is an old stock-market adage.

Have you sold? Should you? Well, I like a nice adage, but let’s have a look at whether this particular one has any factual base to it. But before that, I should let you have the common explanation of where the saying started. Back in the “good old days”, stock brokers used to have much better things to do during the Summer than work. They would be more inclined to while away the warmer weather, watching sporting events, picnicking and supping the finest of claret and champagne.
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