It's never Different this time!!!! And Yet it's never the same, it just Rhymes.
There are 2 story being Told. One is the cyclical story of this Recession, By the chart below. and my quick little stories, and thesis that the Financials are Bottoming, Materials Have Topped. We are in the last 3rd of the Cyclical Recession. And... BE WARNED, The Financials Bottom Before the Market.
The other Story is the Secular Story.... The Story of This Bear Market..... Where materials are Still in their Secular Bull market. And that We will Look to Come out of this Recession, and again sell off.
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, July 10, 2008
Bear market
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