Last year, the S&P 500 peaked on May 2 at 1,370.58.
By early August, it had dropped nearly 20% and was testing support at 1,100...
It took the S&P until last February 2012 to get back to that 1,370 peak.
In 2010, the S&P 500 hit an intra-day high of 1,219.80 on April 26.
By early July, the index hit an intra-day low of 1,010.91. That was a 17% decline — and it took until
November for stocks to regain their April highs.
Yes, since the stock market bottomed on March 9, 2009, the simple “sell in May” strategy has been pretty
darned effective.
