Selling in May

A lot of mini-me funds are reducing their long exposure as we see the short dollar long commodities trade unwind.  This looks like more than just a quick dip.  You can't call a $15 drop in crude oil a quick dip.  That causes serious technical damage and worst of all for the commodities bulls, it was really on no news.  This commodities unwind is about 2/3rd finished.  The last 1/3rd will feel awful for anyone long.  Stocks are trading in a totally different world and it cries of overflowing liquidity in that space.  Remember, fast money is in commodities, the slow money is in stocks and the safe money is in bonds.