A Miserable May for Markets

Interest-rate uncertainty and a flight from risky assets have investors saying "Mayday." And the roller-coaster ride may not be over

Investors heeding the old dictum "sell in May, then go away" might be wishing they had hightailed it a little earlier this year (see BW Online, 4/26/06, "A Savvy Seasonal Stock Strategy"). For the month, the Dow Jones industrial average fell 1.8%, the broader Standard & Poor's 500-stock index dropped 3.1%, and the tech-heavy Nasdaq composite index slid 6.2%.

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