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, January 30, 2008

Waiting for the axe

I've made money every time the fed has cut by going short... and this time... I'm long...

We were at 1500 then we are in the 1350's now......

I find the irony funny.

so, sitting here waiting for the axe.

Oh... what do I think the fed should do....probably cut .25

will I bleed out? a bit.

but my book wants the .75

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