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"

Thursday, June 18, 2009

Krugman

there was a story about him saying we were falling down the same path as the great depression..

as public sentiment now is Concern over deficits.... It's the classic behavioral trap, where we respond to a crisis, markets respond, then the tail wags the dog, and we get complacent, and don't follow through....

1 comment:

Tony said...

How many shorts will cover at HOD 92.53? Could see a break out here. Ouch.

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