I managed a straight 6 hours of sleep, since the nightmare started. For the most part I sleep 3-4 hours, then catch a nap... and for the first time(excluding weekends) I managed 6 straight hours.
Thoughts this morning... GM, they aren't going to let them fail, I'm still divided about it. Santelli was saying they shouldn't do it, but he has a Chicago bias. I honestly want to let them fail, but it is a ton of decent jobs, you know the industrial prosperity model that henry ford threw out... That socialist, I see it as important. If it fails, it seems counterintuitive, but I think we will go through a re-unionisation of America.
Just like GM is a Failed model, I think the unions are too... It may be time to rethink both models.
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, November 12, 2008
6 hours
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