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"

Thursday, November 5, 2009

Todays Market Bullshit

There was a MEME this morning about "The market is concerned, because the more of these insider trading crackdowns we see, the greater chance of more market regulation... therefore market lower"

Of course the Flip side is" Half the traders out there are trading inside Info, and are scared shitless they are next... and because once again, most market participants don't believe in Markets, or Adam Smith or anything associated with economics, Ethics, Science .... Reality.... etc. They want to have what they call "Free Markets" which is like 'the old boys club' or The wild wild West.... Where it's more like Bully Rule.

And of course MCC, is chiming in "all this crack down is because the SEC missed MADDOFF" ... so I guess to Maria Caruso "Free Market" Cabrera... it's best if the Inside traders aren't punished... because it's for the Wrong Reason.... The thoughts that go through her head.....

As opposed to "Hell Yes!!!" Get rid of the Cheaters!!! cause the market needs to be an even Playing Field.

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