Sell In May And Go Away? Bad Idea in 2014, Some Investors Warn
The old adage of "sell in May and go away" and buy back into equities in November has traders split. Some point to an aging bull market and higher valuations as reason for caution.
The old adage of 'sell in May and go away' to avoid mid-year volatility and buy back into equities in November has traders split. Cuttone's Keith Bliss advocates staying in the market this year, noting that the underlying trend for equities remains positive while economic data is set to improve - a position backed by the Fed. Others point to an aging bull market and higher valuations as reason for caution, suggesting a step-back from equities may be wise. Jane Searle reports from the NYSE
