I figured I was the only one ridiculous enough to watch the senate until my eyes wouldn't stay open.
... I always get a bad feeling knowing that somebody elected these people... Interesting that the issue was mostly, "If the bill was bipartisan or not.".. I get flashes of the kid who takes his ball and goes home.
... Then I catch Kudlow, and he says the rally is because the package may fail.
... The way Harry Reid talks, I get this feeling he is willing to take the economy to Zero, as long as he can blame it on the Republicans.
... Give those guys another year and a half, and they may have the slightest clue about what is wrong, besides "The market is going down." and "Something about libor."
I also get the impression that Somehow because corporate America can't borrow at 3%, that congress believes that that means "banks aren't lending."
What a world, what a world!
Not that I take one side or the other, or even think that any of it will or will not help.
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, February 7, 2009
GYOFB
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