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"

Monday, July 14, 2008

I'm sitting here in my chair

Suddenly it's 1929, The market is about to go into freefall. The papers tomorrow scream.

Market in Freefal. Zero Confidence in congress, the Fed, and Treasury.

Hopeful morning turns into grim Afternoon.....http://teachingamericanhistorymd.net/000001/000000/000041/images/27-0641a.gif
Prepare for the dustbowls and breadlines.http://cache.eb.com/eb/image?id=79961&rendTypeId=4
Sorry, I am kind of joking..... and yet... I swear it's what Is going through my mind.

It's tough.... Cautious buying isn't something I've seen in.... a year....

I can't tell if this is it.

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