May Day is coming, and how apt it is to pen down something which sounded like a nursery rhyme for investors and traders. You may have heard of the jingle “sell in May and go away”, but where does this adage come from? Accordingly, the phrase originated from London’s financial district, but somehow made it to Wall Street and to a certain extent our local Singapore market. There is a second part to the phrase, and it goes like “come back on St. Leger’s Day”. St Leger’s Day, or known as St. Leger’s Stakes, is a horseracing event that takes place in September. Thus “sell in May and go away, come back on St. Leger’s day” implies that we should exit the market or reduce our investible stakes during the period of May to September (to add, a modern version of the adage goes something like “sell in May and go away, and wake me up when September ends”)....