http://www.marketfolly.com/2010/04/sell-in-may-and-go-away-jeff-saut-says.html "...$10K investment in the DJIA purchased in Nov and sold in Apr grows to ~480K, while the same strat employed between May-Oct shows a loss of ~$328 (1950-2003 data)... "
Get ready for the late afternoon push higher, when the indexes stay flat for the first 5 hours of the trading day it means another push higher into the close.
Hehehe, eventually -0.3% drop today will be discussed in textbooks as "the last big drop of XXI century"
if I remember correctly, historically FED day ~+0.3%. will today's losses be gone by OED Wed? today -0.4%
there is hope for you bears. as soon as this earnings season is done there will be little positive newsflow to bull stocks. there is a good chance of a nice pullback at that time.