From the editor...

Did you sell in May and go away this year? I do hope not, because we have often pointed out that seasonal investing is nonsense. The notion that stocks are weaker between May and September is thought to have arisen because Victorian investors used to spend the spring and summer shooting p(h)easants on their country estates, so far fewer people were putting money into the stockmarket. But any seasonal dips between 1 May and St Leger’s Day, when you are supposed to return to the market, have been ...