Back in May I warned my regular readers and viewers on the Switzer program on Sky Business that the old cliché or rule of thumb — “sell in May and go away” — has a lot of history supporting its relevance to investors. And with the debt disasters dominating news and market headlines from Washington to Dublin via Athens, Italy, Madrid and Lisbon, the question is when will the negativity break?
And what should an SMSF investor be thinking about in constructing their strategy? For most my answer is simple — stick to your knitting provided you are a good knitter. And the Wolf of Wall Street has a tip too, but more on that and some stock picks later. For now let’s look at what's spooking the markets:
• The European debt crisis and its impact on European banks and the entire financial system;