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 12, 2008

Joe terninova, who predicted a range bound 130-120 oil... called a bottom in oil at 120....

Is now......

Calling another bottom at 115......

Maybe 110....

Valuations are good....

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