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"

Friday, August 15, 2008

Things that are scaring me..

Or how I'm not Learning to "love the Bomb"
http://blog.seattlepi.nwsource.com/art/library/bombstrangelove.jpg

  1. Mortage spreads.... Just has me looking for the tinfoil hat..... I just want to know where it is.....
  2. We are getting some Fear in Gold. Seems like a definite short term buy
  3. Start of Fear in Oil...... Scares me.... More toward the end of that decline that beginning.
  4. Very possible materials have bottomed.... Near term...
  5. Gartman seemed Scared of commodities today..... Love the guy, but he isn't immune
  6. 2 day run in banks, with a 50% retrace of the last move. The last moves have been much more violent... makes me think it could be exhausted, as a move....
Umn List some good things... Unicorns and such.
  1. No complacency
  2. No euphoria.
  3. Even some of the good banks are in the lower part of their range.
  4. The lack of Mojo in the market could be a part of expiration.

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