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Latest Business News: Resist the Urge to Purge Your Portfolio at Record Highs

Wochit 1:21 mins

Stock blogger Josh Brown is warning investors to not go crazy based on the heights the market has been reaching lately. On his blog, Brown said, "People have trouble rationalizing being in the market because of where it was six months ago or five years ago. The best thing you can do to overcome that is study history." With the stock market is at all-time highs, individual investors should take the opportunity to buy or sell something, right? Not so fast says The Reformed Broker Josh Brown. In a letter to Dell shareholders, Carl C. (ICON) and his partner, Southeastern Asset Management, proposed giving shareholders a warrant to buy a share in the struggling computer company at $20 apiece for every four shares that they tender, in addition to buying back 1.1 billion shares at $14 each. US Airways shareholders overwhelmingly approved a proposed merger with American Airlines, bringing the companies closer to creating the world's biggest airline. The merger is still being reviewed by antitrust regulators at the U.S. Department of Justice. Concerns have been raised about the merger's impact on airfares, and the combined airline's potential dominance at Washington's Reagan National Airport.

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