I think into the close we are going to get a short covering rally in everything.... I think a lot of people short the market are just going to clear the positions and see how things go on Monday..
The market feels Tired and Depressed, exhausted...... I think on Tuesday people will come back refreshed and ready to fight again...
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
Friday, May 23, 2008
short covering rally
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