I don't feel like I'm zigging when others are zaging. We have rallied with the financials every time.
We have that wedge, we have a strong dollar, Oil could moderate next week. The data doesn't' look awefull. a possible rally in Financials.
Say we do have a nice "Bottom" in July. and we get a double bottom, or a lower low developing... I like it at a lower level....
But... Famous last words... and I feel like I'm hedging.
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
There is still some freaked out part of me
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