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

The financials MEME

What is nice about it, is that universaly, when the meme gets to

"one of our major banks is going to fail".

Well that is the end of the MEME. 3 times now.

You know... one did fail... Bear Stearns. Looks like a successful retest to me

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