Sure the financals will sell off, and hopefully they will "Outperform" a declining market.... what ever that means.
The game will be to make the Financials sell off, and the market will fall. Then they will Rally. And the market will go up... but the market won't outperform the financials, It will underperformed each time....
That way the financials can stay sort of range bound, and decline in volatility. and the market can still sell off.
and other things I'm probably wrong about.
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
Tuesday, August 19, 2008
The new game
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