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, July 24, 2009

Politics

there will be no health plan... no cap and trade...


business as usual, Congress' health care is fine..... they don't give a shit about any of the "Voiceless" One of my congressmen is a Blue dog, and he is completely ducking the issue. he even scheduled his own Press conference at the same time as the President, and scheduled it 6 hours before...

you think he and his fucking sell out Blue dogs have any fucking desire to provide more spending.... after the bank debacle....

Obama Blew his Wad. With market recovery nobody gives a shit.

most the country will slide more deeply into poverty, and the republicans can still get Traction with the Birth Certificate nonsense.

this is all just status quo and even if the federal government has to Print even more money to help the private sector refinance their debt with the TALF.... they will do it.

Companies can cut costs in half and keep revenue coming.

I'm just saying there is no reason we can't hit 1200..

but we can keep playing... one resistance to another.....

I'm just being realistic here.. there is almost no sign of weakness...

and no reason to play agressivly short till we see "Something" again.

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