So.... Feels like we have another leg down... Or a couple.... Some nice Panic there at the end, that was sweet. Felt like real terror.
It's hard to make Wed-Friday bottoms unless this was it.
One can hope that we are "Building a base"... Seems to me like we need redemption's to end and the hedgies to stop blowing up... I love that they are in the same 60 stocks...... LOL.
It also seems to me like we need that "options expiration Magic" And with all the extra put buying to compensate for the lack of shorting. It could be violent.
Who knows... But it's getting fun...
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
Tuesday, October 7, 2008
Fun!
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