Tuesday, September 03, 2013

Blame it on Syria and Microsoft and September

Blame today's market fade on Syria and $MSFT - Microsoft.  At least that's what the headlines say.  The market gapped up but then sold down as Congress indicated they will back Obama's call for military action in Iraq.  Oh, and then there's the Microsoft and Nokia deal.

Plus it's September.  The finance channels wasted no time telling us that September is historically a bad month for the stock market.

Anyway, I'm still sitting in cash.  I wonder if any military action would actually cause the market to go up?  Sell the rumor - buy the news?  Just thinking out loud!

Closing Bell: Syria Fears and Iffy Mergers Keep Gains in Check

Filed under: Technology, Market News, International Trade, U.S. Government, Telecommunications Spencer Platt, Getty Images An early stock market ral... Read more

Sent via Pulse/

blog comments powered by Disqus