It's Tuesday, May 1st. This is Market Fullery. I'm Chris Helen joining me in

studio today from Motley Full Stock Advisor, Jason Moser. For Motley

Full Special Ops, Mike Olson and for Motley Fool Inside Value, Joe Meger.

Gentlemen, happy May Day.

Happy May Day.

We have got a little bit of an executive shuffle going on at Chesapeake Energy and at Groupon.

We've got some tasty news from P.F. Chang's, but let's start with May Day because we have seen

splashed all over the interwebs and on CMBC the old investing adage sell in May and go away this whole notion

that the six month period starting on May 1st Joe you're running out six months

it basically over the last 50 years the market's

essentially flat over that period and so there are some people saying hey look

just sell your stocks go enjoy your summer and then you then in the fall we'll revisit everything.

Yeah, there are a lot of great little old rules like that that at different points

in time have shown statistical significance.

The Foolish Four, which I think people here would remember, there was a lot of data, historical data

to back that up.

Way back in the day?

Yeah, but what you see is that eventually these abnormalities in the market get washed away because people become aware of them.

Like the January effect was a real thing for a long time, but people, it became so popular that it got washed away.

No, I don't think you should just sell your stocks and walk away.

I do love the idea of not watching your stocks every day.

You shouldn't be obsessing over them, but it's silly to just walk away from the

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