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, October 14, 2008

If you add the factor

that the hedgies waited to liquidate, and put it all in 1 week because they wanted to sell the rescue plan. and that the president and everybody is talking the great depression... You get a bit of an exaggerated move.

and you then can say that the moves have been well within accepted norms.

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