As the market goes down and down, the magnitude of the problems becomes clearer and clearer..
did the market bounce because we have more clarity on the solution..
I don't know!
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
Tuesday, February 24, 2009
Ken Griffith
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2 comments:
Markets bounce, that's what they do after a 10% decline in 2 weeks.
Good call on WFC. I got into BBT at 15.15 and rode it all day to resistance to 16.80. I just can't hold it overnight... it's an emotional thing.
BBT announced an increase in their divvy after hours and it's up more.
That is part of a mamis developing bottom sentiment...
"problems get worse and worse for known reasons, and the market goes down and seem like they will never end"
that word is developing
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