Sell in May and Walk Away

The financial analyst late April bromide saying "Sell in May and Walk Away" begins to enter the vocabulary as the Dow hits over 11,205 (April 26, 2010) and has run up 71% since March 9, 2009 low of 6547. You know me a numbers guy and interested in economic behavior psychology - I'm listening carefully to what people are saying - but more importantly watching what they are doing.

Market timing is so tempting - so is beating everyone else to the front row in festival seating. We all hate to be left out of the exuberant party of stock market gains. So when did you buy back in? March 2009? May 2009? November 2009? or April 26, 2010?

"It's May! It's May!
The lusty month of May!...
Those dreary vows that ev'ryone takes,
Ev'ryone breaks.
Ev'ryone makes divine mistakes!
The lusty month of May!"
- Lerner and Lowe "Camelot"