The wall street journal has reported that september is the, Other Engineering

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The wall street journal has reported that september is the

Problem

1. The Wall Street Journal has reported that September is the only month of the year that has negative average stock returns, looking back 20, 50, and 100 years. Should we sell stocks at the end of August? If not, what's the sin?

2. We download P/E ratios from Bloomberg, rank stocks every month, sell the top quartile, and buy the long quartile. Performance is amazing. What's the sin?

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Other Engineering: The wall street journal has reported that september is the

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