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"

Tuesday, May 19, 2009

Vix

Everyone is excited about the vix today...

I'm certainly a believer that the vix is going to go lower in the next year.

but today.... what is interesting is that nobody is saying it's a measure of something else...

complacency.

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