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

"Sell down to your sleeping point"

Friday, June 27, 2008

Market Inefficiancy

..... 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..

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