Sell in May, But How Long to Go Away?

Next big stock market rally could be all about Obama… ‘Sell in May and Go Away’ sure did work for the month of May, the worst May for the stock market since 1962. And so far the month of June has not been much better. But go away for how long? Two months? Three months? July is usually a pretty good month for a summer rally isn’t it? You could decide that, given the continuing global economic recovery, and that interest rates remain low and accommodative, the 10% correction already seen is more than sufficient and the correction is already over. Or you might judge that the contagious debt crisis in Europe will spread, and combined with the austerity measures being imposed …