Not only did I have to get my book closed, but I'm still working on charts....
Ya.. Libor is up... Problem is it is because the fed funds Just came down, and it will take some time for things to square up.
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
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