Use access key #2 to skip to page content.

Sell in May?

Recs

20

April 30, 2013 – Comments (12) | RELATED TICKERS: MAY.DL2

Worked 4 out of the last 5 years.  I did try to get a "buy in May and stay I say" chant going last year, but it didn't take, although in hindsight it was the right thing to do.  Personally I am hoping more for a sideways moving market to consolidate gains and let earnings catch up.  I suspect any dips will be bought up by those on the sidelines dying to get in.

12 Comments – Post Your Own

#1) On April 30, 2013 at 11:04 AM, Valyooo (99.41) wrote:

The market fell close to 10% last May...better to buy in June

Report this comment
#2) On April 30, 2013 at 11:25 AM, awallejr (81.55) wrote:

Last week in May worked too.

Report this comment
#3) On April 30, 2013 at 9:28 PM, BlueCollarTrade (47.03) wrote:

I don't know this year.  It seems that everyone is expecting, so the market will do the opposite and continue to go up.    Having said that, I do have some trades that are setup for a downturn in May.  

Report this comment
#4) On April 30, 2013 at 10:03 PM, NewAlchemist (54.38) wrote:

I'd treat lightly.

Report this comment
#5) On April 30, 2013 at 11:55 PM, SideShowMel0329 (45.83) wrote:

I've been searching all over for some shorting prospects...market is at record highs and I don't think our economy has improved a substantial amount over the last 5 years. I missed the bubble pop in 2008 and don't intend to miss it again!

Report this comment
#6) On May 01, 2013 at 12:59 AM, jiltin (28.65) wrote:

Based on wallstreet information in Jan/Feb 2013, there was 65Bln cash inflow from bonds, mutual funds to stocks by Hedgefunds, investors. This is record for the last four years in January Month.

During this may 2013, gold dipped very low and all gold funds are supposed to be moved to stocks.

Hence, market is endlessly going up and up. Even though it is scary, the investors are pretty sure to take all the gains well before FED acts.

Hence, I am guessing dip will not be significant at this time. 

Report this comment
#7) On May 01, 2013 at 5:46 PM, awallejr (81.55) wrote:

Well May 1st sold big lol.

Report this comment
#8) On May 02, 2013 at 1:54 PM, awallejr (81.55) wrote:

Well May 2nd and they buying the dip so who knows.

Report this comment
#9) On May 02, 2013 at 4:21 PM, BMFPitt (76.09) wrote:

All time highs are scary, and I see no way that this will continue for much longer.....so it probably will.

If we're still hitting highs next May, though, I'm definitely taking profits.

Report this comment
#10) On May 02, 2013 at 9:46 PM, Tagit (54.84) wrote:

I sold in April - buy back in the Dawg days of summer - end of Aug

Report this comment
#11) On May 03, 2013 at 2:02 AM, awallejr (81.55) wrote:

Uncharted waters.  I can see market rising and maybe crashing in October if it rises too fast.  But then again who knows.  Uncle Ben told us what his parameters are.  The pundits don't want to take him at face value, so ignore them.

Report this comment
#12) On May 13, 2013 at 7:39 PM, awallejr (81.55) wrote:

Well I was watching FastMoney and was about to make dinner but decided to watch Cramer's opening.  Needless to say I found it amusing when he ended it with "buy in May and stay."

Report this comment

Featured Broker Partners


Advertisement