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"

Tuesday, November 4, 2008

Masters of probability

Ok, sure some of the wallstreaters just suck. I just don't buy that the market doesn't get or hasn't understood that the people want a democrat. They wanted it 4 years ago but because of the war they delayed it.

but that the masters of probability didn't understand that obama had a great chance, or that the chance of very strong majorities in the legislative branches were highly probable.

Further more, I have to think that there is a small chance that plenty of people think "DAMN!!! how could it get any worse!"

In fact you could make a case that the market "Crashed" to ensure an Obama Victory.

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