.... With the Materials, and now maybe the financials(maybe it's a false rally in financials) Leading this, and the lower volitility...
When you look at some of the past "large recessions" you can get that counter trend rally which builds into a sort of low volitility "Top" .... instead of a jagged mountain on the charts it's more like a small flat hill...... This is sort of what I was expecting... Only I was thinking about a drop down 30 pts in the SPX.... This should dump a ton of volitility out of the market, then as the volitility comes back in, we will get a falling market... the market won't tolerate going "nowhere" for long..... it also should become aparent that earnings arn't growing.... and most the growth is either "inflation" or gets wiped out with higher input costs...
Seriously this is putting me to sleep... I'm laying in bed
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
Not sure how well I communicated this
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