During the summer months the volume of investments is usually very low, which is where the term “Sell in May and go Away” came from. It does not take a lot of trading to create a move up or down and most trends are short term.
I had expected the current stock market down turn to have occurred at the beginning of June when Chrysler and General Motors were in Chapter 11. I was actually disappointed that it did not happen then. Well, people seem to have been on vacation and too busy to do it then, so they are …Read More