overall..... the market isn't that much fun.... and anyone who chased a trade got clobbered yesterday.... and the same will happen tomorrow..... I'm not a big trade chaser...... which is good.
So, we liken this cycle to the 70's.... Assuming that is true.
my question is .... are we in the beginning of that downturn in 1966? are we in the financial recession of 1970... the oil crisis inflation fight of 1973-1975... or are we in the later stages of 1983....
Oil is killing me..... All the dip buyers are out.......
I can't see it hitting $200... so why invest..
Tech huh........
What I'm curious about is materials.... maybe mining.... Could hit the "B" word soon.
Umn.....
umnnnn...
Anther thing that has me is that... maybe our month long rally is over.... HAPPY ONE MONTH ANNIVERSARY...
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 12, 2008
Not that I was thrilled yesterday
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