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, October 21, 2009

I also want to say

I told tony "V reversal spike low on the VIX"

3 comments:

Tony said...

Just want to add that you did in fact call the spike low in the VIX about 3 minutes before the spike. Not sure if this was the premonitory sign before the Bove Bank Burp (TM).

Eric said...

what bove said is right. as the loan loss' go down, the yield curve will be less and less advantageous for all the banks.

The United socialist Government for the banks by the banks, can only give the banks less advantage. the distance to loan from short to long, that gap will compress not expand. and as such the margin gets smaller.

Eric said...

then there is the increased regulation.

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