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 9, 2009

Stimulus

Let us just cover the legislative process for those "Special People" who get all their news from CNBC...

After the senate passes or does not pass the stimulus package... Then they get together with the house, and come up with a "Conferenced" piece of legislation, which is a mix of the 2 bills.. Which then has to be again passed in both the house and senate.

Unless the house wants to pass the senate version.

There is still over a week of fighting about the bill.

I want to thank CNBC for being tragically ignorant about this.... But I do get hours of each of the talking heads giving their opinuendo about every eb and flow of the market...

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