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"

Monday, November 30, 2009

First on CNBC

So, there was a report about how "The market" had shook off dubai and.....


"everybody back in the pool."

they were replaying this report... not noticing that the market was down 30... which isn't exactly "Shaking off"...

I like to see a light sell off that they can easily dismiss.... it would be uber bearish if this went on for a few days...

as they all keep hitting the "Buy the dip"...

then maybe they can declare the world is coming to and end..... and we can bounce

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