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"

Saturday, July 19, 2008

Pimco/ Kool-Aid Drinking

What is the Axium?
" It's not the things that we don't know,
But the things we know for Sure, that are not so true."


Let me just say that.... I just had the best 6 hours of sleep.... If only I could pull off 4 more. I'm going to work on that soon.

Pimco, I was watching squawk. I was impressed to learn, that at Pimco 2-3 times a week, for 3-4 hours. They get together and argue.

Joe, "that must be nice." in a sarcastic voice.
Pimco guy( Lets call him a Gentleman ), "Actually it is."

There was a story(That I'm sure I can't find) I read, about how a Well organized Group of smart people, is much better that one lone Genius, working alone. Not to equate myself to a genius. We constantly have to Challenge our assumptions, Even the smartest of us can be wrong. This is also why the CME Pits, can be smarter than the Reserve.

What I'm getting at, is that I don't need; Kool-Aid Drinkers, Followers, Droods, I'M WRONG Daily!.

But if I can Start there, and I can work my way up...

I go on a lot, I'm sure Y'all don't have time to do the "Smack down" all the time. But I think we can ask some Very good questions.

THE NUMBER 1 question before the BAR, Right now......"Did Crude "Top"? This Question needs to be answered. and We need to Come up with a way to test the hypothisis.

Ducati AKA Grant, asks this very same question. For those of you who don't read him, He has some good stuff, Unfortunatly he can be like reading a booring version of the WSJ (yes, you heard that right.).... I guess this Juxstiposes my "sunday comics" version of the WSJ.

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