There’s an expression in investing that says “sell in May, go away”. Well, ever since I got into trading regularly (2003), I wanted to do just that… but every year, May came and went I stayed in the market.
This year, seeing Yahoo!’s crazy handling of the MSFT offer, I decided to sell everything and leave the market: I got tired of seeing douchebag executives trample over shareholders’ rights.
I’m glad I did: U.S. Stocks Tumble, Sending Dow to Worst June Since Depression.
Good timing.
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