Its "sell in May" vs wasting your last May IFT and get passed up on the Bull-train.
I can only answer on my count. I would have burned the IFT and moved to G at noon today, 5/22, and pocketed the 1% this evening, and then wait until June for new IFTs.
Birch believes we are approaching a bull market. I do too, but that are lots wind coming from several directions. The question is how soon. Oil (commodities), mortgage seizure and inflation are on the short-range scope and are likely to continue to cause difficulty on a bull run. Hurricans are a little futher out and the presid election a little further again
Though I would probably move out to (G) today, I believe enough damage done has been done in the last 2 day that it helps the case to preserve that last IFT and catch the bull-train, or ditch back to (G) later.
Generally, though, my posture changes by season. I try to limit the number of days I'm exposure in equities. I note that last summer trend went uncharistically counter to the "sell in May..." saying. But, I am still wary of the saying and the statistics it represents. Thus, October - April, I want to be in equities (but get out to avoid loss); and, May - Sept, I want to be out (but get in to seek gain).
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