Is Wall Street ready to "sell in May and go away?"

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According to CNNMoney.com, the period between May to October is typically considered the worst for stocks since returns are usually lower than returns between November and April.  In fact, the average stock returns since 1949 during the months of May to October is 1.3 percent, compared to 7.1 percent from November to April.

But some experts don't buy into the theory, and caution investors from putting too much stock into it.

Chris Cordaro, CEO of RegentAtlantic Capital in Morristown, said if investors see a bargain, they should purchase it. "Buy stuff when it's cheap, and sell it when it's expensive - and don't worry too much about how people's feelings are going."

However Cordaro does concede that a lack of interest and lagging activity does result in a softer stock market during the summer and into the fall.

Another thing that might affect returns this year is November's mid-term elections.

Cordaro said since there is not likely to be much change in either the U.S. Senate or the U.S. House of Representatives, there won't be much news for investors that will prompt them to make major investing changes.