Truth is that on average if you sell in May and take the summer off -- over the long-run you will have much greater returns.Two weeks ago, I sold my KSU at $59 and I'll buy it back in September/October. Til then, I'm on the sidelines.
This thing is back to attractive at $48 - $49. Load Up!!
I should have sold the market short, not just gone to a cash position.I'm a genius!!! Genius I tell you!!
I won't come back into stocks until the budget deal is passed and it is at least mid-September.Then, I'll buy back into KSU and some other industrials. TEL looks good.
"Smell in May and Walk AwaY?"You are genius!!!!!!!!!!!Reject all stock, do not pay your taxes, pay off your credit cards and steal all you can from the government -- until they can agree to reign in spending. I.e. CUT SPENDING!!
Enjoy your walk I am sticking arround...... Don't look back you might have a big dissapointment coming.