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"

Thursday, April 9, 2009

I quote Tony!

I purchased that WFC at 9.50!!!!!!

11 comments:

Tony said...

I'm having a beer tonight in your honor. Maybe even a cigar. Thanks.

Eric said...

do you still own some?

Tony said...

Yes, I have WFC, BBT, FITB, HCBK, MS as well as some mutual funds that have financials. FITB is also up 23% this AM, altho is has been beaten up the past couple days after the Mayo report.

Tony said...

Also KRE in my IRA.

Eric said...

I was reading Ibank coin...

Damn.. they are way into armageddon, and Clusterstock... it's rediculous.

not that there arn't profits to be taken here and there.

what is still interesting is how on T.V. it's all still Doubted.

Eric said...

I also like what WFC said...

"We think the way to increase Equity, is to make money"

Eric said...

http://www.tdbimg.com/files/2009/04/08/-ircr-report_063836435841.pdf

did you see that?

Tony said...

Did this just come out? I did not see this, but then I'm not on the ICRC's mailing list. Is Meredith Whitney one of the 14 "high value" detainees?

I did hear on Olbermann or somewhere that the valued info from Abu Zubaydah came BEFORE they tortured him. The info they got from his tortured interrogation cost us millions of dollars chasing useless leads.


Off topic: MEME watch. Another meme to watch as the financials lead the market out of Armageddon: "Is the government slowing down the recovery?" This was the tease by your buddy Missy Francis this morning and I can see this gaining steam and the Kudlows of the world forgetting that the govt saved everyone's ass.

Eric said...

It's just like the great depression, Total denial by the right

"we just have to let markets work"

post hock ergo propter hock.

there is a right wing look at the great depression I need to post and check out..

Isn't it horrible that I'm into these 2 hour podcasts these days..

Tony said...

2-hour podcasts are brutal, but I do like listening as I walk the dog. I can only listen to Dean Martin and Jack Johnson so much.

Eric said...

I always walk when I do the T-Lo podcast. Great way to multitask.

oh... They have been talking about that Red Cross report since monday.

for some reason the guy who "Outed it" started talking about it mid march..

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