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 29, 2009

Tops

What still makes me ... cautious about a correction at this point. Is the widely held opinion that

  • That thursday was the top.
  • that it was time for a pullback and that this was it.
I just want to remind us that, on the bottom days, Nobody was calling bottom(ok Kass said "this week") and that even the following monday and tuesday, there was disbelief.

I'm just saying TOO Much top calling makes me suspicious.

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc