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 7, 2008

today's spy

So for all my optimism, that we are going to test the intraday low and not test the intraday high, and that it's now 11... suggests we will sell off the rest of the day.

Let me throw in some optimism in here... the vix is not as bearish, as you would think... and oil is selling off.

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