Iran and Russia, trying to create oil instability....
increased low volume , volatility.
futures Flat then an hour later down 8 on the spx.
and every opinion available, is out there on Fanny freddy....
It's nauseating, but this morning this was the idea... "nationalize then re privatize"... Which BTW is what got us here in the first place. Talk about Rats in a maze.
the other idea is to break them into a bunch of pieces..... You know if we did break them into 20 pieces, what would happen is 18 would fail, and 2 would survive... and again, same result....
in the past I've thought to invalidate what happens on these weeks because of the low volume... that has always been a mistake
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
Monday, August 25, 2008
Not sure I'm up for this week
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