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"

Sunday, March 22, 2009

market wierdness

after over a year of Optimism about every plan on the books... The geitner plan on troubled assets is universally panned before it's even seen....

3 comments:

Tony said...

maybe this is the one time that the market will actually rally on the announcement, ie, sell the rumor and buy the news.

Ha. Yeah, right. I don't think there is one soul brave enough to be putting a buy order in for market open tomorrow. By all accounts this is a trend down day, all day.

Fade it? You got the balls?

Eric said...

well if there isn't one brave soul ready to go long... seems like every body is short....

Seen the futures...

Look for the gap fade. but I bet all the Douches in FAZ... Shit holy hell...

Eric said...

Razor blades...

If in the past we rallied into the news and sold it, and now we are selling into it...

after selling the hope... how long will it be till people buy the worry...

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