GAME THEORY and Sentiment
EVERYBODY hung onto hope into the NFP, thinking this will shake out the shorts, and we would rally.
When it didn't happen we finally sunk into the fear and acceptance...
we accepted our fate and have finally CAPITULATED to the doom and gloom.
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
Friday, March 6, 2009
everybody wanted a short covering rally
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