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"

Sunday, December 21, 2008

Hey look!!!

Dr. Brett,

has a great quant view of gold.

Just in case you missed it, His last interests in gold has marked Euphoria(the top), in the gold market.

Of course if gold breaks 870 all bets are off.

2 comments:

Tony said...

Good morning! Low volume day ahead, opening down, maybe cover some shorts at the open if it's really ugly.

From Barron's

http://online.barrons.com/article/SB122973290025323025.html?page=2

'Jon Najarian, co-founder of optionmonster.com, a trading advisory, said cash hordes are so high that they could stress the financial system when reinvested.

"It could be the biggest January effect ever," Najarian says.'

Eric said...

Morning Tony,

Good old John najarian.

If I were a "retail investor", I don't know why you wouldn't just wait till things "Aren't scary".

one would think that "Anyone with money." would be smart enough to put that money to work bit by bit.

With redemption's, you would think there would be enough wealth destruction, that there may be no January effect.

It may be an interesting day...

New Economic Indicators and Releases

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

cnbc