Trader: No Reason to Sell in May and Go Away This Year

May 2, 2014

Stocks are moving higher after a better than expected jobs report for April and they are moving by a huge amount. This doesn't concern Jon Corpina of Meridian Equity Partners. He thinks it's a respectable move higher, and he doesn't believe the market will see any big selling this May. Investors have not responded to any previous negative headwinds like Ukraine by selling, so he thinks there is little to bring the market down at this point.