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
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
Waiting for the axe
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