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"

Tuesday, September 16, 2008

SAVE WILLY!!!!!!!!! Or SAVE AIG!!!

This is a morality play, or an ethics lesson wall street is learning, Greenburg is on the air begging for public money. "We are so much more important than Fanny Freddy, SAVE US!!!! WE ARE BIGGER" I didn't know they were all this messed up. to beg for bail outs like 7 year olds. No wonder there is no money in the market. CEO's are 5 year old babies.

WFC. 7% 15 minute Reversal.

11 comments:

tradewell said...

Dammm, that sure instills confidence.

Eric said...

If you get a chance at WFC at 28 take it.

I used to work for a CEO, that I have this huge chip on my shoulder.

I always had to bite my tongue, "you can't run a company this way. You thing it's amazing... and it's just an excuese for you all to be babies... It's like that IBM commercial where everyone is in a dark room laying down "We are Ideating"...... WFT.... How if you all "Workeating"

tradewell said...

I will, thanks.

I had a tremendous sentiment change ( i think i said that already).

Eric said...

Personally? a sentiment change?

tradewell said...

Yes, personally.

I was a happy bear, you know, didn't mind the situation, as long as i can short stuff.

Then some time yesterday i became very scared by the whole thing and started wanting things to be nice and rosey.

Eric said...

Nice.....

Never did mind about the little things...

I just want to be on the right side of the trade.

I do have a twinge of stupidity, where.... I don't want to put WAMU out of business, I mean.. people do work there. They just want to have kids, and go to soccer and stuff.

but it's the CEO throwing things in the toilet.

tradewell said...

Funny, permabears are always saying "manipulation" if it doesn't tank in a straight line.

Eric said...

You have to accept that at one point... everyone who is bearish has spent all their money...

and the same with the bullish... at one point they are all in..

Now, people can add more money to the market. but those flows come from mutual funds, and 401K's

tradewell said...

What about all the baby boomers who are supposed to be taking the money out of the market, for years?

There may not be enough bullish money left for awhile.

Eric said...

They all lost their money in the Tech boom, they will be working till they die. It's what they get for being the "ME" generation. You don't take your responsibilities to the rest of the world seriously, and you get taken out...

Remember... we are all better together than apart.

AND... there are millions of minorities that have yet to get involved in mother market, plenty of them ready to move in and play the game... Also Internationally there are more people every day.

More people want Wheat, more people want Meat, more people Want Snickers bars, more people want PIE.

tradewell said...

Very gut, I'm convinced.

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