Nice to wake up this morning to the Sunshine from Roubini. Apparently the market has to go down to 3K... then we can muddle there for 4 years or so. It's good. At one point I keep hoping the market will realize that it has to earn it's marks.
I spent most of yesterday Listening to Earnings Calls, I always respect a company that can do an earnings call in less than an hour
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
Wednesday, October 22, 2008
Suffer for honesty
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