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"

Tuesday, May 13, 2008

premarket/ 20 days on the spy

So.... I caught a great premarket nap... Uncle Ben put me right to sleep this morning.... someone give that guy a public speaking class.... he has enough neurosis to stop a truck.... But who wants a lack of hubris in their central banker.....( don't ask me to draw the links between neurosis and hubris)
Where was I...

Mother market has a way of making the Herd wrong.... and with so many Hedgies short.... It spooks me..... one can say that it's the smart money... but how many hedgies were caught Levered into bonds in the Lazy trade......

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