by Greg Guenthner
Daily Reckoning
Sell in May and go away is the oldest investing trick in the book.
It rhymes—so it must work, right?
But what the heck are we supposed to sell?
Not stocks. The major averages looked ready to roll over until a late rally pushed them back into the green. Not oil. Crude continued its climb toward $50. Even the Almighty Dollar enjoyed a powerful May rally, pushing the red-hot precious metals lower for the month.
Just when you think you have something figured out, this ornery market pulls the ol’ switcheroo and stomps your trade into the ground.