It's not that I'm against the materials play...... But it's the crouded trade... every idiot has oil stocks at this point..... It's time for them to take some pain... you have to earn your money....
As the volititlity gets Greater ang Greater... It's obviously bearish for those stocks....
I'm just tired of it.... Sell the hell off, so I can buy back in.
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
Thursday, May 15, 2008
Oil Nonsense
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