Mother market is Cruel. There are so many hedge funds out there... and they have to be Deleveredged.... and they are so bad at what they do.... they have to end.
My thesis is that it's wall street that is the bubble. and there need to be about 1/1000 fewer of them... this is them blowing up..
nobody is bigger than mother market.
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
Friday, October 10, 2008
I will stick with the thesis
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