Dr Jim Walker, who was in KL on May 9 to speak on "One Black Swan Too Many" said with the US' second round of quantitative easing (QE2) coming to an end next month, it may not be such a bad idea to "Sell in May and Go Away".
"I think we could be in for a choppy summer," Walker remarks.
The fact that the US Federal Reserve's US$600B bond purchases are coming to an end in June has already roiled the markets with commodities declining and Treasuries rallying in recent weeks. Markets everywhere will be affected by the end of QE2. People were anticipating QE2 two months before it started. It'd be strange if they didn't anticipate it stopping, says Walker.