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"

Sunday, June 8, 2008

What else to do

at 6am, besides read the news....

I'm too lazy to throw out a chart..... But... it just seems like we are in wave 3 of a down turn.... If that's not obvious.

I'm just hoping for some sideways moves....

What is surprising me, is that we are in a crisis trade again... See at 12500 that is the level of march 2007, at which point earnings were in line.... 0% growth shows recession, and 1% as per GDP(ya it's cooked or whatever) is 12625... I'm not a big believer in the Discounting mechanism of the market....

I still think that the "Recession" has to prove itself.... and it's killing me that I'm sort of wrong and the market is in a "Crisis" trade again...

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