Opportunities for those in for long-term

The old investment adage "sell in May" has come horribly true for equities this year. Many of the fa...

The old investment adage "sell in May" has come horribly true for equities this year. Many of the factors blamed for the current correction such as global economic imbalances, inflation and the prospect of higher interest rates were present last year. In fact, during 2005, stock markets shrugged off one piece of bad news after another as the appetite for risk increased. The London bombings, Hurricane Katrina, bird flu, high energy prices and rising interest rates caused only pauses in the upward momentum. Share prices were being driven by other factors such as merger and acquisition act...