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, July 25, 2008

I just ran through the secotors

Everything up today, is in a CLEAR downtrend.
or "Valuations look good"

Or Parabolic, and about to break down, or breaking down.

consumer staples.... may be ok.

But all of it could easily turn and go up for a few weeks.

Or break down severely

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cnbc