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, March 28, 2011

.... stuff

We had a nice little sell off on good news. My stuff says that isn't a good thing. If we can keep selling we should get a significant Retest. Of course I doubt a retest of the 2008 low, of course that I say that.... seems like some form of sentiment.

Wow... didn't know I was still alive? I'm just super busy, and try and avoid this nightmare of Market people. I was doing some reading a few months ago about psycopaths, one of the lead researchers suggested that if you couldn't study them in jail, the second best place to research them would be global stock markets.

I'm trying very hard to pull off some trading while ignoring all the egocentric bullshit, the market has to offer. Not spend hours paying attention to the tickers and trying to gage sentiment through broader means. Many people breathing a sigh of relief these days.

Re: market action.... if we can keep moving up... it's all still just denial stage. I've been out in the economy for the past Months. It's not good, some solid jobs are coming back but there are some very strange things going on. Some serious worker exploitation. I guess all of that is obvious with all the Labor issues going on. It honestly feels like some of the last desperate stands by the entitled. (buy entitled, I mean the aristocracy)


Tony said...

Delivering the future generation here at 2am... and WTF! A new blogpost by Eric!

Good to get a taste of some prodigious old class warrior ethos, and yes the aristocracy will fight this deflation using employees as the cannon fodder. With you "out in the economy", you would not believe the crap blogs I've had to read. Dude.

The sentiment of your even posting notwithstanding (it must mean something), TLo remarked that there aren't many bears out there lately. My doctor friends have been asking if they should take out a second mortgage to add to their stock holdings-- that's the most bearish read I've seen in while.

Have fun.

Eric said...

warrior monk, stop drop and mock, first earth battalion style.

For the past 6 months every civilian I know has been buying. there has even been some smugness.

So... something to scare them.

Eric said...

good to hear from you.

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