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"

Friday, January 9, 2009

Crazy is back in session

I tell you what I should have thought about fading was congress back in session I swear to god, next I'm going to get a call from my bank, insisting that I borrow money.Why?

Cause apparently it stimulates the economy.. Sure.. Lack of credit is a problem.... But there is a demand problem....

I've said in the past I'm a "supply and demand" purist.... I'd almost say fundamentalist.. but I don't believe in fundamentalism.

There has to be demand for loans, and people are contracting, paying off loans, not borrowing...

Congress needs to incentivize spending, not borrowingSo... I puked this up..... Wierd there is stregnth in the market somewhere... and I can't find it, mostly because I'm blogging instead of looking for it.

but in this move I took profits in anything I had.... Looks like I'm trading around...today

there is nothing good going on....

as I'm typing we are doing a second retest of the 50dma

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