Folks, no one's going to buy anything until Facebook IPO.
The selloff is not because of Greece or Europe. That's just an excuse. Funds are freeing up cash for the biggest IPO since Google. One would be stupid not to participate in the IPO. Big money is going to roll in tomorrow on the IPO. Magically Greece and Europe worries will fade away next week!!
HEDGE FUND VIEW: HE'S IN Andrew Schneider, a hedge fund adviser and CEO of San Francisco-based Schneider Family Office, was busy selling shares of Apple and LinkedIn on Thursday to free up cash for buying Facebook. He planned to spend at least $20 million, or 8 percent of his firm's liquid assets.