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"

Saturday, April 11, 2009

Top story on Market watch

More sentiment:
Bank Results Challenge Rally!!

Results from Citigroup, Goldman Sachs
and J.P. Morgan will test the recent rally.
Write-offs remain a big question.
But.... On the other side of the coin:

Treasury Department's program to clear out $1 trillion in so-called toxic
Somebody actually referred to them as "So-Called"!!!, I've been Bitching for a month now how "Popular" that word is, especially in the popular Nomenclature, And I guarantee if I asked 95% of the people who say it, "What a Toxic Asset is?" They wouldn't have the Foggiest. But that is a big step up, for people to start recognizing what a sad little "Catch Phrase" this is.

Just to give my read on the market, The real Challenge in the market May be the Materials earnings. There are so many people chasing the "Reflation trade" that is where the real danger is. I would suggest that unless "Mr. Vickrum" is found sticking CDO's up a Dead Boy's ass...

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