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KICU First Business May 30, 2014

Department seeks 10 billion from bnp paribas over allegations it evaded u. S. Sanctions against iran and other countries. Southwest airlines is fined 200,000 for advertising cheap seats that did not exist. Forbes reports microsoft is working on a smartwatch that is also a heart monitor. And the la times reports former microsoft coceo steve balmer has offered to buy the la clippers for 1. 8 billion dollars. Trader bob iaccino of tethys partners steps in now for an early look at the market. Bob we are at the end of may. How is today likely to play out . Well well probably play out with a little bit of selling but that something you have to take with a grain of salt. Everybody knows the sell in may and go away phrase. It doesnt work in a bull market. If you track it historically and if everybody agrees were in a bull market which i dont see how you can at this point disagree with that it doesnt work. So sell in may and go way that will affect some people toward the end of the month, but y ....

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