this is just crushing... 5% loss in all the markets.
LOL... after the old safety plays yesterday were dogs to the tech and materials... the oposite it true today.
Lagging Leaders being Water utilities, biotech Gas utilities, healthcare. Utilities.
The dogs.... Banks... 5 of 5 fast money Nigerians were invested in banks yesterday. That is such a reliable indicator... not the nigerian function but that once they all own banks...
Aluminum casiono's non ferrous coal, transport and on and on and on.
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 10, 2009
the spx
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