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"

Friday, October 24, 2008

Fun

Limit down futures.
Down 60 on the spx
Down almost 550
Naz down 85

Funny funny funny.

They are saying Hedgefund redemptions.... and sure this is deleveredging. But you can't say that all the global selling is one big hedgefund.

but... if you are leveredged, time for you to go away.

"They say" that anytime the futures are down this far, you have to buy.

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