Saturday, September 1, 2012

Sell Rosh Hashanah - Buy Yom Kippur

Jeffrey A. Hirsch turns around the old Wall Street adage “Buy Rosh Hashanah, Sell Yom Kippur.” The wiser course of action these days is to “Sell Rosh Hashanah, Buy Yom Kippur, Sell Passover.” He explains that “the basis for the new pattern is that with many traders and investors busy with religious observance and family, positions are closed out and volume fades creating a buying vacuum.

Rosh Hashanah, the Jewish New Year, falls on the Hebrew calendar dates of 1 and 2 Tishrei (2012 = September 16 (at sundown) - 18).

Yom Kippur, the Day of Atonement, falls on the Hebrew calendar date of 10 Tishrei (2012 = September 25-26)