I'm over being short for now... except xbi....
I may reenter but... overall
I'm calling No joy.
With financials rallying, and oil rallying......
It's hard to fight that momentum. that and not believing in a "lower low" in the market....
seems like a fools errand.
and yet the market will probably try and jump off a cliff tomorrow... again...
But the end of the month money comes in on friday.. maybe tuesday.... Then if oil sells off hard? after the hurricane dies out?
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
Wednesday, August 27, 2008
maybe its contrary
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