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"

Saturday, February 21, 2009

Discussion of sentiment

Sense that the problems are getting worse and will never end.

Volcker: Crisis May Be Worse Than Depression

"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker told a luncheon of economists and investors at Columbia University.

"There is little correlation between sophistication of a banking system and productivity growth," he said.


This is also the same time he said "capitalism will survive"
the second quote I put in just to point out that it's obvious that we are going back to Glass Steagall. and increased regulation of what banks can hold.

1 comment:

Tony said...

He said:
"Capitalism in some from will survive, but probably not financial capitalism."

Which I thought was an interesting qualifier.

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc