'Fast Money' Recap: Buying in May?
Joe Duran, CEO of United Capital Partners, doesn't buy the adage this time around. He said normally the period running from November to May produces a 7% return. In 2008-2009, however, the market showed a 30% decline.
Duran sees a very different environment after the rally from the March bottom. He told investors to buy into the declines in the coming months. He said there are good opportunities in the emerging markets, basic materials and technology. Duran said "everyday investors" should stay invested. "We'll going to a lot higher in the next 12 months," he said. In the final trades, Seymour said to sell Wimm-Bill-Dann Foods(WBD Quote) while Finerman was long on Flowserve. "Check out "'Fast Money' Portfolios of the Week" on Stockpickr every Thursday.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.50 | 1,106.41 | 2,190.31 | 35.40 |
Oil *
71.66
|
|
UP
65.67
|
UP
4.06
|
DOWN
0.55
|
UP
0.58
|
10 Yr
3.54%
SPDR Gold
109.32
|
|
+0.63%
|
+0.37%
|
-0.03%
|
+1.67%
|
Data delayed 20 minutes |














