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"

Monday, November 24, 2008

Tom Friedman- Inauguration

suggested that inauguration date should be moved up.

What do you think? Congress can get together debate and amend the constitution in the next 2 weeks to get it moved up to... ??? Christmas?

5 comments:

Tony said...

Sure, Congress has nothing better to do than debate Friedman's theories.
Two weeks to decide to vote.
Two weeks to debate. Xmas holiday one week.
One week to vote. Assume it passes.
One week to plan new Inauguration date.
Success: Inuauguration is moved up to Jan 17th!

Tony said...

Are we back to the oil down, SPY up trade again?

Eric said...

sorry I didn't deal with my email till Just now... (which is how I get comments.)

My last impression was that we were doing up oil up spy.

Understand I'll only trade sector rotation, commodities are at the end of a growth cycle, not at the beginning.

Teressa has a buy on gold which is interesting. I suspect it's a short term up move. but I'm not paying attention to that trade.

Oil and commodities do seem to be in a short term bullish move.

I'll think about it.

Eric said...

You went oil into this cycle didn't you....

It has been bullish, from 47 to 53 or something. It will be interesting to see where it goes over the next few weeks.

the big cap financials have been crazy. I looked at a chart of BAC, I got out of it weeks ago, and I realized how much denial I was in, at the size of the move, I thought it was a different bank. that is about the scariest move I've seen, and HCBK I saw today.... Crazy stuff

Tony said...

HCBK has been holding up for so long, I've been getting complacent. WTF happened today?? It dropped at the close on no real news while XLF and KRE are up.

Oil has more upside I think. Teresa likes GLD and I have to agree with her... Jimmy Rogers is calling for a "holocaust of inflation" with all the fed money being printed.

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