Floor Trader:
"like .... it's not that the fed has anything to do before the 31st, I just don't know why they don't cut now."
I heard a smart thing.
If you adjust the S&P for the weak dollar, it has traded flat for the year.
(point being you would be better in the Euro than in the S&P this year. and if the fed cuts, it will be even more true.)
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
Wednesday, October 24, 2007
More dumb shit
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