I'm not even going to comment on the "somehow we want to let all the companies fail, and yet when they do, the same people will say it's a mistake."
but down 200 could convince people into a wash out... down 100 more like the thousand cuts.
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
Monday, March 2, 2009
I liked you at -200 but at -100
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