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"

Wednesday, July 23, 2008

XLF risk = reward

It's been a week since that epic low....

My thesis is this... If you picked up a financial at 21 in the xlf. you will be rewareded.
But those chasing it now will be barbell-ing between 22-24 Till they recover....

Or not

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