So, I keep thinking about all these old trades that everybody wants to jump into, materials and oil. Makes me think too many people are living in the past, including me,I keep wanting to jump in there too, but if I get "Fundamental about them"
There are 40 reasons to stay out, and 2 reasons to play.
One of which is past performance.
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 8, 2008
the old trades
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