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, August 11, 2009

LOL

upside is going long Materials...


cause the dollar is going to drop like a stone... He says

2 comments:

Tony said...

Yup, saw that. seems like a disconnect, unless it's very short term day trade.

If mkt tanks, like he has been predicting, then dollar should be strong. his noon Stocktwits video said that "it's all about the dollar", makes me wonder if he may have meant short UYM but I know he is long. Weird.

He's kind of a Santelli Austrian type and he may be playing the bond auction or something. I don't get it.

Eric said...

Cognative dissonance, I have a hard time bothering to track these guys... mostly out of disinterest.

They all have this "Reflation trade", and Dollar goes to zero because of macro money printing.

but they also have an awarness of the dollar...

I guess the thesis is the dollar is just doing a retrace here before it goes lower, which will cause a market correction...

but maybe upside thinks we make new lows... has that fucked up Trading with TK mentality O-BOMB-A

Also remember that Santelli is also an Efficient market Thesis Guy... as are most the CBOT folk.

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