Mixed views about direction of market in June

MAY was a largely forgettable month for the local stock market, with the Straits Times Index (STI) labouring to a 95 points or 2.7 per cent loss at 3,392 over the four weeks. A bursting equity bubble in China and Hong Kong, unsureness over when the US will raise interest rates and Greece's ongoing financial woes were said to have provided the main backdrop, one which it has to be said was not particularly benign to equity investment.

If anything, the weak showing for the month only lent credence to the old saying "sell in May and go away". Which begs the question: …