at 6am, besides read the news....
I'm too lazy to throw out a chart..... But... it just seems like we are in wave 3 of a down turn.... If that's not obvious.
I'm just hoping for some sideways moves....
What is surprising me, is that we are in a crisis trade again... See at 12500 that is the level of march 2007, at which point earnings were in line.... 0% growth shows recession, and 1% as per GDP(ya it's cooked or whatever) is 12625... I'm not a big believer in the Discounting mechanism of the market....
I still think that the "Recession" has to prove itself.... and it's killing me that I'm sort of wrong and the market is in a "Crisis" trade again...
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
Sunday, June 8, 2008
What else to do
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