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"

Wednesday, October 22, 2008

Suffer for honesty

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

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