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"

Saturday, August 30, 2008

In the down tape, I'm curious what was strongest

Home construction
Casino
Water utilities
security brokers
railroads
mining materials
insurance
Retail apparel

Seems to me that in an up-tape the retail are about to break out. When they are weak, in an up tape, that is when this market is in trouble.

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cnbc