If you're short, I'm the sucker going long....

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"

Thursday, March 6, 2008

ambac

I mused yesterday about that the best thing for the market was for the ambac deal to be in limbo...... cause it couldn't be used to make shorts run for the doors.

Posted by Eric at 6:27 AM

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