"History is a wonderful thing, if only it was true"
-Tolstoy

Tuesday, January 22, 2008

Trigger Pulling

Dow down about 400pts
But Fed cut rates

Time to deploy some reserves

Would have preferred a bit more panic, but fundamentals still sound (ex banking/housing)

Liquidity will pour into stocks, won't be too long.
Consumer weak, but consumer follows, does NOT lead.

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