Thoughts from the BK thread!
A great article posted, but I thought the most interesting was:
In this business, you never stop learning. Let me put it
another way. If you stop learning, you're on your way to
going out of business. Wall Street is a tough teacher but
also a good teacher. If you have any weakness -- arrogance,
lazines, stinginess, cowardice, procrastination -- the
market will zero in on that weakness and make you pay
dearly. In this business, you listen, you think, you ponder,
you struggle, you wrestle with the gods of the market, and
if you're me, you put yourself on the line. When you do
that, you take a chance of looking like a damn fool. And if
the stock market has the opportunity, believe me, it will
make you look like a damn fool, at least for a while.
Took advantage of the sell-off in HD Friday to commit the Phleet. Fool or otherwise is to be quickly determined.
Next report will be from the Swamp as I go for a much needed visit. It looks to me that Gersh will know by Tuesday whether his puts are fish or fowl? OEX may have broken Friday but I still expect another charge at SnP 1480. We probably only need to watch GE. If it breaks its horizontal support then bye-bye.
TB |
