Sell in May and go away?

Not on your Nelly...

Such adages were good for days when stock markets weren't global and no one can access the market once it's officially closed for the day or the week end.

Not any more when you can buy options, futures and every sort of derivatives you can think of on the market or around the market. Also, not any more when you don't need to talk to your stockbroker whether you want to buy or sell. Like Nike, you just do it via the Internet or intranet.

So, Singapore fell for five straight days last week, as did some of the major (read, influential) markets, it doesn't really need a USD1 trillion package from the Old World of Europe to ring fence the euro and Greece for share prices to pick up.

It and other markets that had been crumbling will rise because what falls must rise, and what has risen must fall. This is the law of people using spare cash earning almost zero interest rates to churn their portfolios.

So next time, when the markets are falling, no need to wait for experts or analysts to tell you the markets will rise beause of this or that. Ditto when the markets are galloping, no need to listen to those who warn of bubbles or unsustainability.

Such forecasts are simply no-brainers!