TASE: will supply outpace demand? (Tel-Aviv Stock Exchange)

An old piece of wisdom on the London Stock Exchange is to "sell in May and go away." The reason for this ditty's longevity is that, like other enduring bits of folk wisdom, it is true more often than not.

Although there is no Hebrew equivalent, the parallel poem for the Tel-Aviv Stock Exchange would be something to the effect of "pack up your shares with your Passover wares." Most years the market levels off after the Passover holidays.

Last year was atypical, and share prices continued their rise through May and June. Of course, last year was unusual becaus