Hindsight...
I intended to mention that the "Easy money in the financials was probably behind us at Tuesday's close."
I'm in it long.... Ready to take some Bond Ratings pain with the rest of the financial longs. But my banks own no CDOs, so they will take it in the ass unfairly.
I'd like to see how they perform with the indexes pulling back
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, January 30, 2008
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