Seems like it's been the talk of the town for recent new highs made in the US markets.
Full article here: Can Stocks Shake 'Sell in May' Summertime Curse?
Stocks are breaking a recent pattern, shaking off their summertime blues and recapturing four-year highs, and there are even reasons why those gains could continue for now.
Yet, the market is still a sea of discontent.
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Many investors are skeptical and are waiting for the market to get crushed in September, either from sour news out of Europe, potential disappointment from the Fed (What's This?), or just the political noise that comes with the election and Washington’s failure to act quickly on the fiscal cliff (What's This?).
They are also watching the escalating rhetoric on Iran’s nuclear intentions. (Read More: Investors Still in Hiding)
In an eerie pattern, the S&P 500 has, in each of the past three years, hit highs in late April or early May then sold off into the summer in a perfect "sell in May" pattern. In 2010, stocks recovered the summer’s losses by November, and last year it wasn’t until February 2012. But this year, stocks hit the low ground in June and have now quietly climbed back to the four-year high the market was flirting with in April.
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