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"

Monday, April 7, 2008

Morning

.... someone tell me how the market, on it's own goes nowhere on Friday. +/- 10pts on the SPX

and yet in the futures they want to move that far... based on Alcoa earnings... and Washington mutual needing 8 billion in cash....... "yippee!"

I try not to throw good money after bad. my belief is that we won't hold the futures.

If i had held onto my WM I'd be up 15% this morning.

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