I fixed it and it's updating for the time being...
the trade will be short materials/including oil... and that is possibly reflected in that chart... I'd like to see a week of it, take us to my 2 more new highs.... well, it will be 3 new highs.... 2 fast new highs, a pull back then 2 more...
maybe..
and long other stuff....
the reason I'm pro financials is because people will need regional banks, and they won't need consumer stuff... so there will be some divergence there.... and the Ibanks and Uber Banks... well they are too strapped to loan money for the next 2 years....
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 22, 2008
That wilshire index chart
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