LOL.... I think we are going to have a recession......
Like...... every time the fed starts cutting rates... we have a recession, if only we could stop the fed from cutting rates we would never have recessions????? right?
how is that for some cause and effect.......
Well that isn't the bullish news I wanted....
we could continue to be range bound. test lows... test highs.....???? I have no fucking clue.
I have no desire to day trade.
funny these are the jobs numbers I was expecting the last 2 months..... How fucked up is it that, one guesses the number roughtly correct, but the distortion in the data.
I have decided the NFP is the most fucked up number I've ever seen... it's correct with an error margin of +/- 150k. and for a number that is range bound +/- 300k Random number generators are probably more acurate.
Which is why you play the moving average.
Well, I have no idea..... I think range bound or the break out..
I hate to say this, but premarket I'm showing green, even with crappy futures......
energy looks weak.
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
Friday, February 1, 2008
-17k
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