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, December 22, 2008

Art Cashin

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........

5 comments:

Tony said...

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.

Tony said...

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.

Eric said...

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.

Eric said...

So, are you happy to be hedged today?

Tony said...

Yes. Wish I had hedged more... but can't get greedy.

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