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"

Wednesday, July 1, 2009

other memes and sentiment

most of what I get... besides traders on the buy stregnth and sell weakness.

is the "somebody else should buy the dip"

and the... we are going to staircase up...

I've said it before... there is something Very darwinian about the bear market...

and it get's harder and harder as time goes on..... till we give up....

then it is a bull.....

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