sell in may and walk away. but it wasn t just stocks investors were walking away from, gold also fell 6%. erika miller reports. reporter: stock investors are only too happy to say goodbye and good riddance to may. after all, the steep sell-off this month leaves the dow industrial average barely up for the year, after a record first quarter. so why was this month such a downer? once earnings season ended, people did not have a catalyst to hold onto stocks any more. they sold into it. reporter: and, of course, there are also growing worries the crisis in europe will slow global growth. it s not just stocks that had a terrible month. gold had its worst may in 30 years, suggesting investors are no longer viewing the precious metal as a safe haven. like stocks, gold has been hurt by worries about europe: as the euro crisis has intensified, the euro has declined. gold is positively correlated with the euro and inversely dollar. reporter: where investors have been finding
the s&p 500 fell 6%, once again giving credence to the adage sell in may and walk away. but it wasn t just stocks investors were walking away from, gold also fell 6%. erika miller reports. reporter: stock investors are only too happy to say goodbye and good riddance to may. after all, the steep sell-off this month leaves the dow industrial average barely up for the year, after a record first quarter. so why was this month such a downer? once earnings season ended, people did not have a catalyst to hold onto stocks any more. they sold into it. reporter: and, of course, there are also growing worries the crisis in europe will slow global growth. it s not just stocks that had a terrible month. gold had its worst may in 30 years, suggesting investors are no longer viewing the precious metal as a safe haven. like stocks, gold has been hurt by worries about europe: as the euro crisis has intensified, the euro has declined. gold is positively correlated with the euro and inv
the s&p 500 fell 6%, once again giving credence to the adage sell in may and walk away. but it wasn t just stocks investors were walking away from, gold also fell 6%. erika miller reports. reporter: stock investors are only too happy to say goodbye and good riddance to may. after all, the steep sell-off this month leaves the dow industrial average barely up for the year, after a record first quarter. so why was this month such a downer? once earnings season ended, people did not have a catalyst to hold onto stocks any more. they sold into it. reporter: and, of course, there are also growing worries the crisis in europe will slow global growth. it s not just stocks that had a terrible month. gold had its worst may in 30 years, suggesting investors are no longer viewing the precious metal as a safe haven. like stocks, gold has been hurt by worries about europe: as the euro crisis has intensified, the euro has declined. gold is positily crelad with the euro and inversely
sell in may and walk away. but it wasn t just stocks investors were walking away from, gold also fell 6%. erika miller reports. reporter: stock investors are only too happy to say goodbye and good riddance to may. after all, the steep sell-off this month leaves the dow industrial average barely up for the year, after a record first quarter. so why was this month such a downer? once earnings season ended, people did not have a catalyst to hold onto stocks any more. they sold into it. reporter: and, of course, there are also growing worries the crisis in europe will slow global growth. it s not just stocks that had a terrible month. gold had its worst may in 30 years, suggesting investors are no longer viewing the precious metal as a safe haven. like stocks, gold has been hurt by worries about europe: as the euro crisis has intensified, the euro has declined. gold is positively correlated with the euro and inversely dollar. reporter: where investors have been finding
report tomorrow. will the report be fodder for the q.e. 3 argument? a mixed bag for retail sales in april. limited racking up another strong month. costco missing for the second month in a row. and general motors beats expectations with its earnings, underscoring strength in the core north america operations but highlighting weakness in overseas market. we ll be speaking with bob lutz. and green mountain coffee, investors questioning consumer demand for k-cups and the company s ability to compete with starbucks. some analysts out today trying to defend that stock. claims and productivity, both coming in better than expected this morning. jobless claims dropped 27,000. u.s. productivity fell .5%. and the ecb holding its main interest rate at 1% as inflation offset pressure to support the weak eurozone economy. there was a big debate this morning going into the number, the ecb number. what were the odds of a cut? zero, just above zero. clearly they are holding their fire