Whaler, you asked what we can expect for May. A whole bunch of investors selling to take the summer off and watch from the sidelines?
Maybe not this year. There is too much risk in selling at low prices and missing a rally that could recover losses. However, we are not far from the summer doldrums, and that usually will mean a lack of buying, which can certainly dampen opportunities for growth.
Notwithstanding this latest rally, I am thinking we won't see much serious growth until the fall at the earliest. IMHO.
I hope I am wrong!
Disclaimer: My comments are with respect to stocks in general, not specifically ISM, so put the arrows back in the quivers.
Cheers,
Bluenoser