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Strategies & Market Trends : Waiting for the big Kahuna
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To: Haim R. Branisteanu who wrote (18788)5/20/1998 9:13:00 AM
From: Vitas  Read Replies (2) of 94695
 
Hi Haim, Yale Hirsch's 1998 Almanac says as follows:

"MEMORIAL DAY WEEK UP 12 YEARS IN A ROW UNTIL 1996"

"This time of the year used to be known as "The May-June Disaster Area." During the '60s, '70s, and early '80s we cautioned, "If one month doesn't get you, the other one would".

However, investors returning from the three-day Memorial Day weekend, the first big weekend of the summer season, must have returned in very good spirits for twelve years starting in 1984. Records show that the market gained ground in all these abbreviated four-day weeks."
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