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"

Sunday, October 12, 2008

Morning

I know I've posted today..... How does Erin Burnett get on Meet the press....... Where is my darling Maria..........

So... you want a Bottom indicator..... I'm not calling it.... but.... USAGOLD took some time off from selling to the Gold bugs on friday.

The message was something like this(I can't find it.) If Y'all don't realize I like to read as much of the fear in the market as I can...The message was( paraphrase)" we have been so exhausted from the last 3 weeks, we decided to close the trading desk early today, because we just haven't had any time off."

Not only does it show how crazy things are, it also shows that the did see some slack in the market, and decided to take a breather...

3 comments:

Tony said...

Barry listed other "bullish" indicators.

I would add TIME's Depression cover.

Even gold lost 7.5% on Friday. If this were true, long-lasting fear in the US market economy, then why would the US dollar be the only strong performer this past week?

Tony said...

Barry's list:

http://tinyurl.com/4yqstd

Eric said...

I still can't believe my buddy dumped his 401 K.... and there is just nothing I can do about it...

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