Tuesday, August 16, 2005

Markets nasty

The end of August and September are notoriously the worst time for the markets, and I don't see anything different this year. There are just too many factors favoring a lower market. Also, I still subscribe to my theory that the saudis are selling, and that is probably why we are getting these major selloffs on major stocks at the end of the day. For this reason, I have sold my QCOM position.

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