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, December 12, 2007

Black Helocopters

.... I'm a total counter Conspiracy theorist, this country has too many loudmouths to keep a good secret.....

Schiff was hinting at the Plunge protection Team, and their interference in the market...

I'm not a conspiracy guy, I do smell some weirdness in the futures, which never seem to be down... for the past month. In a decidedly bear market you would think that they would be at least 50/50 down.

The biggest problem with this stuff is that it just leads to a market crash if it's actually going on... Markets are organic, and you can only manipulate them so much... short term it works... But only the dumbest of people want to hold stocks based on Flat earnings...

Only good reason to hold most equities is as a hedge against inflation...

The morning action did look like a deliberate attempt to set off a short covering rally.

They gave us less than 30 minutes to react to

If this is true, Paulson and Dubja, suffer from the worst kind of hubris, the kind of Hubris that kills economies.... Kind of idiocy that makes you think that Paulson really does think he is a master of the universe.

http://www.mises.org/books/bubbleworld.pdf
I just posted that link because I wanted to read it.

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