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
Friday, August 14, 2009
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Nice day for shorts. IWM falling thru support.
I'm surprised dollar isn't stronger, but maybe I'm asking too much.
So, do we keep with 2 or 3 day swings, or does it break down? We'll have to see how committed the "buy the dip" crowd is.
Hard to figure how GDP will recover without consumers, but that's just me.
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