The old adage to sell in May and go away for the summer certainly held true for 2011. As the summer draws to a close, hopefully so does the thrashing that markets have taken since May 1st. It's tough to remember that at one point this year the S&P 500 was up almost 9%. Since then we're down 10.5% on the S&P, sitting below where we started the year at 1255.
For the Dow, it's been a wild to end up almost exactly where we started. $100 invested on January 1st is now worth $100.31
This marks 2nd straight year that the summer months haven't been kind to the equity averages. Can 2012 make it 3 in a row? Let's hope not!
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