Black May

Before a long weekend. (On Monday rests NYSE)

May DJI closed with losses of 7.9% and the IPC 3.5%. 

The decline in the DJI for the month of May only have been worse in 1940 (-21.7%), 1932 (-20.3%), 1931 (-15%) and 1915 (-9.9%). In these years the annual return of the DJI was negative, except 1915. 

The DJI performance this year has been negative. Historically when this happens in 83% of cases the DJI annual performance (return) is negative. 

On the positive side, in January the New Orleans Saints won the Superbowl. Being a National conference team predicts a bull market in 2010. 

Note. Remember that the Mexico Stock Market IPC is strongly linked to DJI in the medium and long term.

IPC DJI Mexico Stock Exchange Black May