It's tax loss selling. I haven't heard of anything else.
More Quotes from Tim Ghriskey:
The tobacco lawsuit being settled -- that's obviously impacting tobacco stocks.Tim Ghriskey
There are a lot of investors we find who are hanging on to technology stocks with the hope that they're going to rebound, and that's still a very dangerous thing. We really need the capitulation of those investors. So we still could see more downside on the Nasdaq and in technology.
Tim Ghriskey
Regardless of the outcome of this case, today's ruling is going to mean a market share loss for Blackberry and a gain for Palm.
Tim Ghriskey
People are already reeling from high prices at the gas pump. I think they're going to be reeling even more from higher heating costs.
Tim Ghriskey
His speech was really focused on real estate. But then again if his comments cause some money to come out of the housing market and some money to come out of the credit market, where does it go It probably goes into the equity market.
Tim Ghriskey
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