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"

Wednesday, August 27, 2008

I just looked at libor

overnight moved up, 3 month had been moving up for the past week, but is now moving down. +.011 for the last week.

Dollar, Much of the weakness in the dollar was based on a "decoupling" theory. so the dollar strength isn't so much "hottest girl at an ugly party."

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