Some Wall Street experts have an adage that goes "Sell in May and then go away," in order to avoid what can be the topsy-turvy market days in the summer. However, a recent Forbes article points out that this year the better thing to do is to buy in May then be prepared to hold out for the long haul.
The article points out that according to the research of Yale Hirsh, the founder of the Stock Trader's Almanac, the Dow Jones Industrial Average over 50 years of monthly returns "has experienced an average return of 0.3% during the 'more volatile' May-October time period while experiencing an average return of 7.5% during the November-April time period."
Yet the author, Kevin Mahn, think this year is different, and this article gives his compelling reasons why.