.... every analyst, talking head etc... is saying "Top at 1000 or 1050".....
If it happens it will be the most broadly called top in market history....
I'm not ruling it out..... but I'm not sure the market works that way...
There are some Seasonalities going for them...
low volume summer rallies.... that oil has a seasonality to go up through early sept.. Let me also point out that about Early July, Oil Topped last year at that 140 level... And there was demand then....
But as we have been talking about "Where we are" ....
Most our money will be made day trading the market.... as the uneven economic market data Makes the market bounce and shimmy....
So there is my bullshit hedge..... but if they all say we are going up.... There is a good chance we go the other way......
but just enough to get them Bearish.... Then we could shake...
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
Sunday, June 21, 2009
The compleate Bullshit Hedge
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