Beware of the Ides of May

May 1st, 2007

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There is an old Wall Street adage, ?Sell in May and go away.? (see Sell in May and walk away? Not so fast) While we are agnostic about this adage, we would not be the least surprise should another major correction occur in the month of May. The Dow had recently made a record high while the US Dollar had hit a record low. There are still too many things that can go wrong (e.g. One potential trouble-maker to watch out for in 2007).