Sell in May and Go Away?

Not quite. Here's what Jim Stack, a top market prognosticator, says investors should do right now.

After a strong run in the first four months of 2011, the stock market has begun to waver -- right on cue. As the adage goes, "sell in May and go away" until November. Although stocks gained on May 18 and May 19, Standard & Poor's 500-stock index has lost 1.5% so far this month.

Should you base your investment moves on a Wall Street saw? For guidance, we checked in with Jim Stack, president of InvesTech Research and editor of the newsletters InvesTech Research Market Analyst and InvesTech Portfolio Strategy.

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Jennifer Schonberger
Staff Writer, Kiplinger's Personal Finance