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"

Wednesday, April 8, 2009

Morning

Well futures were grim and have moderated. if we can get -2 or -3 on the spx the financials May start positive.

For some reason we give a shit about luxury cars.... but I digress about what is on TV.

The insurance companies want into TARP, there is something to make us nervous.

Bespoke pointed out what I was pointing out yesterday, the financials outperforming, which could be a potential sign of the turn.

To come up with something Diabolical as I made my oatmeal this morning was the idea that we trade choppy through the middle of financial reporting.

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