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"

Friday, June 5, 2009

I don't mean to talk armageddon

but the biggest issue is that all the CFO's out there.... they have their corporate debt financed at 4%... and any time they roll it over they will be lucky to get 8%....

Meaning that if they are in debt as a company.. margins have to go up 4%....

CFO's are still in denial...

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