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, June 23, 2009

Classic

With all my tennis watching.... I wasn't paying attention to everybody....

Lots of "Do we buy now?" and Looking for a bottom in this or that... A bounce isn't going to suprise me... but Nobody was willing to pay up for a stock yesterday.

Also some of the Former bearish... "Believing"..... "That wasn't that bad"....

I suspect this cycle will get Cruel... a few more moves and we will get a nice Reversal...

Just when they get Super Bearish....

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