All the Reasons in the World to Pull Back

Here comes May. How many times do you think we'll hear that old adage, "Sell in May and go away?" After all, we've heard the phrase "spring swoon" roughly a million times in the past several weeks as folks look for a repeat of the market action in 2010, 2011 and 2012. While the market hasn't exactly swooned so far this spring, there were plenty of reasons for it to do so.

On the fundamental side, look at how many companies missed their profit or sales targets. I don't have the statistics on it, and there is too much pre-earnings maneuvering to manage expectations lower, anyway -- but I can name several companies off the top of my head that either missed on revenue or earnings or lowered expectations. That list includes Proctor & Gamble (PG), Caterpillar (CAT), Target (TGT), IBM (IBM), Amgen (AMGN), Amazon (AMZN), Qualcomm (QCOM), Bank of America (BAC) and 3M (MMM)....388 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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