My numerous thoughts....
I've been trying to convince myself that they aren't going to cut.... that is just a ballsy move. To mitigate that risk I could wait till it comes out. throw money at a short then.
But, I think we will get a cut.. not a 50 but a 25., The discount window rate cut was a temporary cut to give the fed 30 days (which was why the limit to 30 days was extended).
Theoretically the S&P is going to Rip, the financials, and gold.... That is the speculation.
The R2K is breaking down,
I also think that the q's and the nas are breaking down.... That and that the bulls are starting to talk about the breakdown of technology.... Which I said a week ago...
The questions are What is "The street" going to do.... and how do I game it.
The bulls are going to just buy buy buy... buy financials buy the s&p, After a good run, the bears will make a stand......
The bulls think this will save them... but it's going to save them in 6 months
hmmm.. More later.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Sunday, September 16, 2007
Weekend work on the Game Plan
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