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.
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
Wednesday, April 8, 2009
Morning
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