Sell in May and go away?

'Sell in May and go away until St Ledger’s Day’ (this year 11 September), has been a popular maxim among investors for over 100 years, as historically the torpid summer months were reserved for social events and long holidays. As an investor, if you had liquidated your portfolio at the start of May, you would now be some 5.6% ahead of those investors who are still long of equities. Investors, having believed that the global economic recovery was moving full-steam ahead and corporate earnings would surprise on the upside, are now worrying about double-dip recessions and sovereign defau...