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 17, 2009

More boogyman

http://www.blackcommentator.com/269/269_images/269_cartoon_banker_bum_small_over.gif
So, on hardball, they were talking about how the Obama economic council was/is ready to let some banks fail.
They were ready but chickened out..
This sounds like rumor, and not even a good one or we would see it in the market. I can't imagine they would not be talking about..... You know that big one(I hesitate to start rumors, it is actually a crime. And since I don't have anything but my speculation... It is a mistake for me to name names.)

but.... the Chaos that could result.... I just ran through the banks, and it doesn't show in any of their pricing..

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