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, February 4, 2010

Down 11 on the spx

What the hell is that all about.

The problem is that is a huge gap.

By Michael Patterson

Feb. 4 (Bloomberg) -- Betting on declines in U.S. Treasury bonds is a “no brainer,” said Nassim Nicholas Taleb, author of “The Black Swan.”

“Every single human being should have that trade,” Taleb said at a conference in Moscow.

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