as optimistic as the futures are, we need to break 130.50 in oil... then it will need a rally to get a sollid "Buy" going for financials....
I'll expect a nice morning rally, followed by a solid sell off.....
The question will be..... Where will the sell off go?
the most optimistic thing is the Euro weakness this morning. it would be nice to see it break into the 1.53 range...
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, June 12, 2008
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