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"

Thursday, August 21, 2008

no mention of fanny freddy this morning

but futures look grim.

2 comments:

Tony said...

Yeah, maybe TK, the cagey veteran, is right. After all, this was just a counter trend rally and the odds for a painful reversion to the overall down-trend is pretty good.

I certainly don't know. Both Brian Shannon and TK are agreeing.

I do like your XBI call, though.

Eric said...

Seems like it's oil this morning.

Check ultrshort Noncyclicals... that is a good play too.

The ridiculous thing is we are half way to the 11k level.

I still like the idea of a one day bump here... technically.

but oil is full of hate.

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc