I have an anti inflation Bias, or a Deflation Bias. Beyond the Fundies(which I don't believe in) of Deflation, which we will be lucky to stop. And that this deflation cycle is something traders have never seen, since you would have to be some odd 110 years old to have seen it or 120 to have understood it. I also might suggest that there is still some "Chasing last years trade", going on.
But I have conceded that there has been some strange behavior out of materials and gold and the dollar..... I'm not saying I'm wrong... but I am saying the technicals have me "Confused".
but I also keep saying ... There is that Warren Buffet "Trade what you know"... or was it someone else...Point is There are other games and other sectors on the move. I'd rather be in the new trades, than be in the old trades.
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
Thursday, April 2, 2009
For those also not in my head
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