Just to catch 2 nights of 8+hours of sleep. Australian open has started hantuchova is trying to get beaten by some Unseated Player, Sam Querrey looks like he is working on giving up tennis.
The UK has rolled out a plan similar to the U.S. bank rescue plan.
Traders there are holding the same meme from here; Nationalization, and bad bank.
I was listening to the press conference from the U.K.
The concerns I always have are, when Politicians think there is a "Proper Lending rate"... Like I've said, their theme is that banks arn't lending because credit isn't available at the same price as it was in the past 5 years.... Or more.
Also, they don't realize that the banks can contract and not lend....
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, January 19, 2009
3 day weekends are nice
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