Sell in May and be an idiot!”, was how CNBC’s Jim Cramer summed up his appraisal of the 4% rise in US stocks last month. Traditionally, “Sell in May and go away – come back on St Ledger’s Day” has been a decent mantra by which to abide if investors wish to preserve gains made during the historically best months for the stockmarket between October and April. Not so the last few years when May has been a definite month to be in the market.
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