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, November 12, 2008

6 hours

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.

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