Sell Rosh Hashanah Buy Yom Kippur

Each year at this time, people ask, “Is it sell Rosh Hashanah or buy it?”

The adage is definitely to sell Rosh Hashanah and buy Yom Kippur, which was derived many decades ago when Jews on Wall Street would sell their stocks before the High Holy Days began, not work over the holidays and then come back to work and buy.  And even though, that trend has diminished over the years, there remains a negative bias.  This year, it’s September 17 through 26.