Turkey,Slovenia,Germany,Syria,Italy: Five places to expect a crisis this summer ...
LONDON (MarketWatch) — The phrase “sell in May and go away” dates back to the days when City of London brokers would start abandoning their desks and preparing for a summer of socializing at the races, the cricket, or the tennis at the first sign of spring. It doesn’t have much relevance to a world where we are all tethered to our iPhones wherever we are. Nobody stops paying attention to the markets just because they aren’t sitting at their desk, and they wouldn’t survive for long in their jobs if they did. These days, it is not May, but the late summer and early autumn that should make everyone nervous. It is in August and September that the markets have a nasty habit of collapsing. Take the FTSE-100 index /quotes/zigman/3173262 UK:UKX +0.94% , for example. It plunged in the summer of 2002, and then again in the summer and autumn of 2008, and the biggest correction of the post-credit crunch rally was in the early autumn of 2011. The same is true of mo