Who I both love and loath,
Said, "Traders are saying there should be a buying opertunity about the second week of jan".
Then I said.... "I said the same thing to tony!"..... Maybe Tony is Art........
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
Monday, December 22, 2008
Art Cashin
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5 comments:
I prefer to think that "Art imitates Life"...
...although I do look a little bit like Art Cashin, only balder and fatter.
Seriously, I heard him say that and thought, "how can anyone know that?" That's like 10 yrs from now in market time.
But then again, I do remember you saying last spring that the market would tank in the fall...
... such predictions are just not part of my skill set I guess.
Well, an october drop isn't rocket science, I'll bet on another one next october, but I'll hedge about if it will be to new low.
You are so right.... The last 2 weeks has been like 2 months.
If only I can get through today, then through christmas, then through the new year..... then I can think about those first 2 weeks.
But remember just after the first is a brand new NFP.
So, are you happy to be hedged today?
Yes. Wish I had hedged more... but can't get greedy.
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