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, February 10, 2009

again

we are down a few handles on the SPX in futures... wierd how the asian markets hate our futures... They seem to think we are doomed...

I've been wondering if maybe we would anticipate the "Sell the News" on the obama bank rally.

Regardless it should be an interesting pull back.

4 comments:

Tony said...

The drama is overwhelming.

Eric said...

If we do manage a multi day pull back.

I'm wondering what will happen with utilities and Health items

Eric said...

the first read is Materials/gold/oil/industrials are strong.

insurance banks retail weak

Eric said...

I was going to comment last night that everybody on fast money owns a bank

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