Here's a look at what the month of May has provided in terms of gains and losses for the S&P since 2002.
Seems like it was a happy-go-lucky month at one time . Maybe the Flash Crash in 2010 (or Fat Finger Day) left behind a dirty little fingerprint that only a Fed-pumped market can clean.
May (circled) from 2009 to present...
Hundreds of crashes have occurred since 2010. (You just don't see them, but they're there if you "study the tape" on a daily basis.) This is not surprising, especially when profits come by the way of tools that nobody really understands. The writing is on the wall but the investigations won't happen until the real damage is done.
As for May, I think it will be a banner month, and the upside trend will continue. Why should I think any differently? I wish I could convince MensaMonkey. Maybe it takes an algorithm to know an algorithm.
What do you think, MM? Start going with the trend now??
http://www.youtube.com/watch?v=7qnd-hdmgfk
He called me "Dave".
