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 25, 2008

this looks good

I've put some money to work.... This is a nice basing move..... they seem to be chasing them today...... Umn.... I'm still defensive.... but...


"We are from the government and we are here to help

9 comments:

Tony said...

Pelosi and Reid are going to hold Bush's nose in the stink a little bit longer (but not long enough for my liking), and then they'll buckle and bail everyone out.

Yeah!! Western Civilization will be saved!!

Cha-ching!

Eric said...

lol

this is the first solid upday we have had... we are earning it. instead of it all moving in futures.

Many a slip between cup an a lip

300-1 calls against this.

Tony said...

That light at the end of the tunnel is definitely an oncoming train...

...but let's enjoy the walk a little longer.

Tony said...

Financials up, materials down.

Eric said...

overnight libor is 2.56
3 month 3.76

yesterday

overnight 4.4
3 month 5.06

Tony said...

Translation?

fear is receding, at least in the short term?

Tony said...

What about your model of which sectors will do well after we step away from the abyss...

financials first?

Eric said...

Fear is receding short and long term.

there is still a ton of fear in the 3 month tbill...

but they are buying the 6 month and 1 year...

always financials first....

I think retail will get killed from now till November....

We will get a relief rally (assuming it happens) but still there is a recession

Tony said...

Interesting. FusionIQ is banging the table on Lazyboy (LZB) and Fred's (FRED).

I tend to agree with you about retail, but even with crappy housing numbers, these two stocks are up.

Maybe time to fade them, but FusionIQ is uncanny. Rode KBR short from 19.20 to 16.95, now it's still going down.

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