
Lets call this pull back 20.60 on the xlf.
you know..... It is actually against the law, to start a rumor about a bank. Some of the analysts don't realize, in a world of "Free Speech", and analysts able to say just about anything.....
You can't cause a bank run. Which is why when the analysts did the "who is next" list. the smart ones suddenly rolled back on it.
I'm going to do a post about the problems with Laissez-faire capitalism.
It's one thing to say, it's in trouble, it's another to cause a bank run.
We have looked at the charts, the biggest year in 90 was the year the market pulled back, for bank failures, There were hundreds.... So far..... 6.
Oh and they were talking about a new failure... which happens to be my lotto ticket.
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
Monday, July 21, 2008
xlf
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