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"

Thursday, August 21, 2008

I hate oil

That mad max trade just sits on my shoulders like the monkey of heroin.

I started some shorts at the close.... I feel like they will get spiked out.... We need a healthy shake out of the shorts.

purely supply and demand..

A single energy conglomerate held 11 percent of all contracts on the New York Mercantile Exchange at one point last month, according to a published report Thursday, suggesting that speculators may have played a larger part in volatile oil markets than once thought.

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