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"

Wednesday, November 14, 2007

Kudlow

Kudlow hit on exactly what I thought all day...

Big news of the day was that Uncle Ben said "NO MORE EASE"

with a target of 1%-2% in fact... the rate should go up.

2.5% core
5-6% Headline inflation.

Before= 2.5% inflation and 1.5% target= 4% Rate.

Now=2.5%-6% inflation 1.5% Target = 4%-7.5% Mean 5%

"someone tell us how a weak dollar hurts the U.S. Economy?"

Well, it's not a problem if you don't buy anything imported.... Oh.. Wait everything is imported.

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