Ah, it's spring again, when we put winter coats in storage and try to keep the pollen from making us sneeze. And it's when some of us lighten up on stocks. That's right, it's "sell in May and go away" time on Wall Street. Though the calendar hasn't quite turned, I think now's a good time to lock in some of your gains.
That doesn't mean selling everything -- I can't stress that enough for the many "black or white" thinkers among you -- but it does mean trimming your stock holdings, or shifting some of your equity allocation to more defensive areas. "Sell in May and go away" is really a way to lower risk at what is traditionally the rockiest time of the year for stocks. And this year, besides the usual seasonal considerations, some fundamental and technical indicators suggest it may be prudent or investors to pull in their horns.
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