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, May 29, 2008

No rest for the Wicket

If all the world hated you, and believed you wicked,
while your own conscience approved you,
and absolved you from guilt,
you would not be without friends.

Charlotte Bronte

Couldn't sleep. I just have to watch the oil Euro trade........ The interesting divergence is that oil goes up on a strong euro, but every time a market opens.... Dip buyers come in and buy it.

the euro is down to 1.557 from 1.567


Dallas Fed President Richard Fisher and Minneapolis Fed President Gary Stern, both voting members of the FOMC in 2008, said they are keeping a close eye on the level of inflation expectations being dialed into financial markets.
"If inflationary developments and, more important, inflation expectations, continue to worsen, I would expect a change of course in monetary policy to occur sooner rather than later, Fisher said in San Francisco.
Rate increases could be made "even in the face of an anemic economic scenario," Fisher told the

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