.... 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.
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
Monday, April 7, 2008
Morning
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