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"

Tuesday, January 20, 2009

I couldn't stand Kudlow

So, I had to watch CNN and msNBC..... You know... they have more idea about what is wrong with the economy than cnbc.

They understand that the consumer is just TAPPED OUT.

As opposed to the station that thinks that inflation is going to save us... and that... whatever crazy ideas they come up with.

So, we mannageda a nice fear trade in gold this morning that has rolled off....

This is about the only positive indicator...

that and that I'm scared shitless of the financials.

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