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, December 16, 2009

Quantitative Tightening.

Tony Suggested we needed a reason to sell off. How about Quantitative tightening. I hate to point it out to the market, that is afraid of tightening over the past few weeks, that is what has been going on... Quantitative Tightening.


If you want a reason to sell off, how about that the fed can neither inflate nor deflate.

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