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"

Tuesday, July 15, 2008

What happened to Moral Hazard

Again we protect the financials from market forces....

Reduce risk, and take out any ability for them to be a decent investment..

Look at me talk now that I'm short the financials...

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