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"

Monday, June 22, 2009

making fun of barry

Barry had a post this weekend which was "I expect us to "Back and Fill" at higher levels....

I just felt like this was a bullshit hedge...

Saying "We are going to go sideways..... but higher"

If he could have pulled off a third option...

"Maybe we will sell off.... Sideways in a back and fill.... But higher"

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