If you're short, I'm the sucker going long....

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, August 26, 2008

1.456 euro dollar

we tested 111 then bounced a buck.....

Going to be hard to go through with that hurricane..... if it weren't for the hurricane we would be through it.

Posted by Eric at 6:57 AM

2 comments:

Tony said...

I know this is Hulbert, but he attempts to apply a metric to sentiment:

http://tinyurl.com/58drm3

He concludes, "But, based on my 28 years of tracking investment newsletters, I'd have to say that any rally that begins from current levels is more likely to meet the same fate as the rallies that began in January and March."

Maybe it's time for Yamada's big purple crayon:

http://tinyurl.com/5knjnk

50% cash
10% EEV
10% QID
10% SDS
10% FXP
10% DUG

August 26, 2008 at 8:09 AM
Eric said...

:)

The only danger for a rally is from a break in oil. But that should be short lived.

You can smell the boogyman in rally mode.

You remember that Yamada said if oil broke 120 that broke the cyclical trend....

the only reason I want that rally is so I can get massively short.

August 26, 2008 at 8:27 AM

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