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"

Friday, December 5, 2008

Alice in Kudlowland

So, Worst NFP since 74, happens to match the one in 1974 that market the bottom of that secular bear. So, all the bad statisticians are like "ok, this is as bad as that and that is the model we have been using. Its the Bottom.", thats what THEY say.

Then Kudlow comes on, gets liesman to pimp his stats "Things aren't so bad because as a percentage, it's like the 45th worst."..

Well Kudlow, I guest that means it doesn't match the 1974 bottom thanks for blowing the MEME.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc