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 19, 2008

Can I weep for the end of the uptrend

A modern democracy is a tyranny whose borders are undefined; one discovers how far one can go only by traveling in a straight line until one is stopped.
Norman Mailer

I just liked feeling good about the market.

The first sectors to bounce were consumer noncyclicals/ Pharma

and that is why, those are the first to lose MO MO(momentum) I believe.

The next sectors, were consumer and tech. If we get a run up, those will be the ones that drag us up.

We will see.

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