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"

Monday, December 24, 2007

Crystal Ball

Even worse that the theory that we get some bad jobs.... Worse than we currently have. If the people who have money in money markets take a hit... That would be people who, have money but don't actively invest. Then we get a bank run on the money markets.... That should be sufficient to freak the public out.

"but George, your money is in dav's Credit card. and Jims SUV.... It's not here, we only have .10 on every dollar"

If the public gets freaked out... Meaning like a 60 minutes story or major news coverage... Gold will go through the roof.

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