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

"Sell down to your sleeping point"

Thursday, October 11, 2007

overnights

1.4204 euro to dollar 1.427 all time high 10 days ago sept 30.

dollar index 78.038 all time low 77.63 sept 30

overnight 4.88 1 month Libor 5.13 one month 5.80
Libor locked up at 6 roughly, but it's a spread vs prime

It hit me last night Re: The fly and posting that shit about a 3-5% sell off in October and a big buy in in nov or thanksgiving.... BTW to be noted was the horseshit he was trying to pass off a month ago about technology falling apart.... which it will, just not a month ago. So much for the investing advice he gives out to "Internet Leaching Fucktards"

This in addition to all the other horseshit as wall street keeps trying to scare us out of basic materials. also about how important all the numbers this week and next week are.... PPI and CPI arn't all that important currently IMHO. the retail numbers were going to be poor, and they will be pawned off as "Weather Related"... as Macky says, don't trust anyone who blames the weather.

My point is I'm very tempted to bet the other way..... we are seeing a slow consumer, which will be passed off as nervousness... but it's broader. I'm suspecting we could trade choppy Halloween till thanksgiving, then we could just fall off the cliff. maybe we get a bump from a November fed bump, then sell off.

I just think that we have a choppy earnings, then the dance could be over.

D-Fence

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