Is The Market Crashing? Time To Sell Stocks? [Forbes]
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Source: Forbes
Is The Market Crashing? Time To Sell Stocks? Ah, the tides of May are on us. May marks the beginning of the dreaded summer swoon in financial markets, a period – not ending until October – when stocks and other instruments of their ilk have “historically” posted poor returns, at least often enough to get the reputation that the summer stinks for stocks. The expression is said to come from the Merry Old English habit of the City of London’s financial barons’ lighting out of the hot city – on horseback and in carriage – to catch a cool county breeze for a spell, don’t you know. These days the Masters of the Universe head to the Hamptons – or still tonier tableaux – but the underlying rationale is the same: you can’t pay good attention to your assets if you’re parked in the sand with a drink in your hand, so the responsible thing is to go to cash until summer’s over and you’re the master of your destiny once again. Certainly, the off-again China deal jolt to the stock markets in early Ma
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