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"

Tuesday, March 16, 2010

Michael Farr- spring

This crossed my desk. Michael Farr sees spring fever too, and used it as a market analogy.

Last week as the thermometer read 60 degrees, I saw a shirtless college student wearing flip-flops and throwing a Frisbee. He was understandably desperate for spring. We completely understand the desperation for economic recovery and a rebound in jobs, but think it premature to be doffing our shirts until the thermometer moves higher

I can't believe I'm sitting here.

Sentiment is very high this morning....

They are Prepared for the trade of last resort.... we will see if they get it, or if it slips through their fingers.

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