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"

Monday, February 23, 2009

Futures

I'm embolden by the fact that futures are not convinced, even slid down to +2.5 on the spx.

I think they are as creeped out by Joe going long as I am.

Thesis would be that the supply demand dynamics will just be overwhelming.

We shall see.

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