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 16, 2009

Seymore and the dollar.

This is from yesterday.













at .48 seconds... "IF YOU ARE A DOLLAR BULL, YOU ARE VERY ALONE HERE"

And carter... at 2:20 "Everybody is in the same trade steel and energy.... international"

3 comments:

Tony said...

Carter Worth on pairs trades: "something popularized in the late 80's unlike my haircut which was popular in the 70's"... okay I'm an ass.

Seymour said that dollar thing this morning too. Dollar is not in a bull market, he's correct. It's oversold.

On the Mamis model US dollar looks like Point F, no?

Eric said...

no.... when Jimmy rogers was on cnbc talking all shit about the dollar..

last thursday, I think...

that was 'E', Aversion.

Tony said...

Yeah, so we are past aversion on the dollar... now it's just looking to add to TLT and UUP on pb's.

Have you ever shorted TBT since it's ultra gives a bit more leverage?

Some tech names are pretty lofty with room to fall.

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