..... I heard today, how confused traders and money managers are. Of course they are waiting for the standard... Wash out move before jumping in....
Maybe what we will have is a few days of flat trading, then a nice decline, into a panic...
I'd still say it's more about oil... but even a drop will be looked at suspiciously.
overall I'd say this is solid capitulation buy the bears on oil...
I'll sugjest we are in a near term market inefficiancy.... I'm not saying there isn't more trouble down the line..
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, June 27, 2008
Market Inefficiancy
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