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"

Wednesday, September 17, 2008

sea of red

here it comes.

7 comments:

tradewell said...

WTF is wrong with MS???

Eric said...

It's the same rolling bear raid.... Goldman will be next.

tradewell said...

Naked shorting banned tonight, so i think they're attacking in order to make it before then.

tradewell said...

horrifying im horrified

Eric said...

Like I said, after we get resolution, we tend to get "The knife".

There is a reason they started the uptick rule, in the 30's none of the banks could access the markets to raise capital. because the stocks were killed.

not to throw out the boogyman of the 1930's and who knows if that was actually the problem.

tradewell said...

Why did they repeal that rule in the first place? It seemed stupid to me at the time.

Eric said...

You know how bureaucrats are, Keep messing with things till they are broken.

Not only can you bill to break them, then you can bill to fix them.

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