Today we ought to be able to see first that Booker T. Washington faced a situation in which he was seeking desperately for a way out, and he could see no way out except capitulation.
C. L. R. James.
So.... I'm beat.... where is the Euro dollar? 1.45, Where is oil $135, How are the markets, oil stocks going up financials going down....
Same Trade Different day.
This just isn't interesting.... I suspect a bit of a leg down in the next 3 days. And I'm not very interested till oil gets below $130
Maybe I'll get some balls and buy some calls in the financials today. But honestly none of this is interesting. I know I'm totaly at capitulation... Maybe that is a good sign for the market.... Honestly I was looking at a vacation... the one I'll never take....
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 19, 2008
Capitulation
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