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"

Thursday, September 18, 2008

OUCH

it's official ban on shorting 800 financial stock.

3 comments:

tradewell said...

30 days. I can live with that. Won't everyone go short right after? :)

Eric said...

there will be, some dependence on the economics in 30 days.... Or 10.

Futures up 350. There are a ton of hedgies Puking today.

After getting killed, in commodities for months, now to have a 2 hour trading window with "Short financials" reversing 60%

Eric said...

market is going to run all day, and on monday "Retail" will chase it. At which point they will buy the top tick, and we will have a correction.

My point was that they had 2 hours to unwind yesterday. people will blow up today.

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