If you take a look at these 2 links, read the newspapers about huge capital outflow from BIG funds and coupled with the "Sell in May and go Away" phrase...
http://www.nytimes.com/2012/04/24/business/daily-stock-market-activity.html
http://www.shareinvestor.com/news/news.html?source=si_express&nid=47402
You can jolly well be right to sell away all your holdings now and keep an eye on when you can enter again after the correction has happened.
Another thing to note is the picture below:
Practically all of them (except GoldenAgr) are Penny Stocks worth less than $0.50!!!
The Penny Stock Craze is here but i believe the hike may be ending soon when the entire market shifts direction to the downside. Furthermore, the thing about Penny Stocks is that it is easy to get in but hard to get out especially once the selling comes so quickly!
Conclusion
As for me, i am taking a whole different way ...
...