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 30, 2008

What the market knows

  • First, that we will sell off big today(just like I figured we would sell of big on Friday)
  • Second, foreign markets say a deal will be signed on thursday.
If there is a deal, there is no reason to sell.

And yet.... Alice.... If we don't sell off, the house won't make a deal.

2 comments:

Tony said...

Anecdotal: Friends are already taking money out of their checking and putting it in mayonnaise jars. This could accelerate today and tomorrow.

It's a confidence game and the confidence is waning. When does this trigger a shock to the day-to-day working of the economy. Right now we still have supermarkets stocked with food and gas stations with fuel, but will the credit freeze eventually lead to shortages?

I do not know the answer, and don't expect anyone to know... just wondering.

Eric said...

once it hits mainstreet hard they will take action.

which is what we need.... Mainstreet needs to Wake the Fuck up.

All these whining douchbags... I can argue the points of the plan....

but it's sausage making... it's how it works.

And the democrats who voted against it because "it didn't do enough for mainstreet"... WTF... I heard some trickle down talk.... I wanted to throw shit at the TV

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