, Columnist
Age of Excess Renders ‘Sell in May’ Redundant
Investors don’t need folk aphorisms to warn we’re at a dangerous stage when celebrity CEOs are hosting “Saturday Night Live.”
It’s time to smell the flowers, forget about the market, and watch Elon Musk on “SNL.”
Photographer: Mario Tama/Getty Images
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And so we have reached the month of May, when the most annoying of all stock market cliches says that we have to sell and go away. Valuations have suggested that this might be a good idea for a while. But markets can always get even more expensive; valuations don’t help with timing.