Wednesday, August 18, 2010

20100818 The same group that put out the report stating "Crude Oil on super spike to US160 per barrel". And till today we never see crude oil to that level. Moral of the story: don't believe anything these people put out, they only report what is convenient for their trading position. Bear in mind Goldman made profit every day in the first quarter..... by hoodwinking the public with their expertise. .. So double dip? Time will tell. Basically its bullshit to say 25-30% chance of recession, why not 10% 2% 80%....

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2 Comments:

At 10:01 PM, Blogger Winner said...

78% of the statistics are made up on the spot. Or should it be 73%? LOL!

 
At 10:10 PM, Blogger emacro said...

Oh ya, and because they hire ivy league cream of the cream, their 25-30% estimate is 'perfect'...

 

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system