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Joe Terranova admitted "I'm a little confused" by Gundlach's FB short.
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Sell second-hand course books Weiss responded, "Jim's mentality is because of his business, he's long all the time. He can't keep cash. People don't give him money to invest in cash. They give him money to invest in the market. ... I don't have to be in the markets, OK. I can be in cash. I'm still in cash. I took the opportunity when the market traded down to buy uh ABC AmeriSource, McKesson ... and I bought Google back. ... I think calling the direction of the market is a sucker's game," even though 70% cash is basically doing that. (This writer is long GOOGL.)
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Scratch-Offs Rich Saperstein said investors need to follow earnings, not the tweets. "Tax reform is way more powerful than tariffs," Saperstein asserted.
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