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"

Monday, September 29, 2008

I'm stunned

even though It seemed like this was the 40 year flood.

What has to happen is that the credit markets have to lock up and the house will be back at the table, When business leaders start calling in the next few weeks saying they can't make payroll.

If they ignore that, then people will have to start seeing unemployment and lose their jobs, and start calling their representatives saying "FOR GOD SAKES DO SOMETHING!!!!"

It was said this morning, "not only does the fire have to move from the kitchen to the livingroom, it actually has to burn the couch people are sitting on."

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