Here are the highlights of this month’s investing article:

• In May 2010, the European debt crisis, the feared slowdown in China, regulation in Washington and the Flash Crash drove markets down swiftly and harshly.
• Going forward, much depends on whether the Debt Crisis in Europe can be contained, and whether China can prevent a burst of its own bubble. The US is hostage to events in Europe and China.

An Uncertain Start to May. With stocks selling off after earnings, financial reform, a major Gulf oil spill and Greek debt issues, we’re likely in for a bit of a correction as May starts.

The Bright Side: A Short Term Buying Opportunity? Fundamentals remain positive, a correction would resolve overbought conditions and a positive unemployment report could lead to a bit of a renewed rally in the market.

In April’s investing article:

The Reluctant March Rally. For the last two months, the market has marched slowly and inexorably upward. Investors jumped in not because they wanted to, but because they had to.

Analyzing the Market. I’ve tried different approaches to analyzing the market, and I’ve found many of them inadequate. Today, I look at at least four dimensions: macroeconomics, money flow, fundamentals and technicals.