For those of you who don't know me, I still am a believer that we need to learn to ride the bike without the training wheels.... I'd rather see us drop 2k points and bounce without the fed offering a rate cut....
if we bounce on a placebo rate cut, then they say "oh... well a rate cut is worthless" then we sell again...
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
Monday, October 6, 2008
learning to rid the bike
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