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....
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
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