That we had a solid sell off in oil on Thursday, and Friday morning looked good.... Till the Open outcry, and oil made a new high, and all hell broke lose...
here is an interesting thesis... the huge managers.... Really big ones.... that also know that the value of the banks is huge right now.... and that they could pop once the earnings come out next week....
they could spend the next 2 days buying all the banks they can get their hands on....
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
Was it a week ago... or 2
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