I just read 20 minutes of ... all the economic whine and speculation in pring (called my feed reader)...
Blech!!!
Apparently common wisdom is that the "Bad bank" is why we tanked, and if only they can get the market talking about it again.... Things will be good right?
So, to trade against the rumor of a "Bad bank", which will cause a pop... but then sell off. Because... we have to get them cheaper...
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
Saturday, January 31, 2009
ugh...
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