I'm starting to get .... a better feeling, about the development of a real bottom...... If we jerk around for a few more weeks, it will Beat the crap out of everyone, and we will see a nice final capitulation.
but that seems like wishfull thinking...... and it's more likely that we will get a summer rally and capitulate october-jan.
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
Tuesday, July 22, 2008
Costanza trade
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