Good question, I really do not know what was th rumor or real event that caused that rapid sell off, I know I got caught "with my pants down" on that (still have three Q's under water which I fully expected to take out at a profit...), maybe it is option elated, and thn it should pass by the end of the week. The action today does not change the fact that in the last two weeks we have accumulated extremes in the market sen at major bottoms, I am at about 22% cash (got hit with some INTU in AH and still trying to find out why, they had re ord revenues and they always "guide down", by now the market should have known. They are buying back $500 MM *why it is not clear to me, why buy at 4 plus book is not the way I would have done it. You want to spend $500 MM ? Why not pay $2.5 dividend per share? When most dividends were not excluded from income, fine, buy backs is a tax free dividends, but time have changed.
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