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Will ‘Sell in May and Go Away’ Take Hold in 2013 After All?

S&P 500 charts from the past decade illustrate why we shouldn't start panicking about the recent market turbulence

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The summer of 2010 was nothing less than miserable for investors, rewarding those who sold in May, and punishing those who didn’t sell. Don’t forget, however, that the explosion of BP (BP) drilling rig Deepwater Horizon occurred in April of this year, and oil spewed into the Gulf of Mexico for weeks. The impact of the damage, however, was expected to linger for years, pulling the rug out from underneath the market. There’s no guarantee stocks would have lost so much ground had the oil spill not occurred.

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