The old adage ‘Sell in May and Go Away’ proved to be the right move this year as the SP 500 dropped 8% in May. Thanks once again to the financial crisis in Europe, International Stocks were hit with the double whammy of poor performance and a stronger dollar to end the month down 11%. The rapid rise in recent months finally caught up with Real Estate too, as those funds lost more than 5%.

The ‘flight to quality’ provided a real boost to US Government Bonds, with Intermediate Government Bonds up almost 2% and Long Term Bond funds jumping more than 6%. This did not help corporate bonds as investment grade debt did little more than break even, while High Yield paper lost almost 4%.

Continue reading the Insightful Investing News June 2010 …