08/10/07 Heres something I thought was very funny.
I was done trading for the day at around noon (EST).
As is our custom, my wife and I jumped in the car, to head out to Mystic CT
to spend the weekend on our sailboat.
Instead of listening to music like a normal person, I listen to Bloomberg Radio.
After the ny market closed at 4 pm, they were doing an analysis with some wall street big wig, on what direction he thought the market would head next week
He said (the wall street big wig), "the currency market opens Sunday night"
"In particular, we have to watch and see what the sterling/yen does".
"If Sterling goes up, the stock market will be bullish. If Sterling goes down,
the stock market will be bearish."
I laughed my head off. Here we are all week saying: If the stock market goes up, Go Long, If the market goes down, then Short!
Its like the blind leading the blind.
I wish I caught his name, I would find his email and send him a link to this thread. Then he would know ahead of time if he should go long or short on the stock.
I was done trading for the day at around noon (EST).
As is our custom, my wife and I jumped in the car, to head out to Mystic CT
to spend the weekend on our sailboat.
Instead of listening to music like a normal person, I listen to Bloomberg Radio.
After the ny market closed at 4 pm, they were doing an analysis with some wall street big wig, on what direction he thought the market would head next week
He said (the wall street big wig), "the currency market opens Sunday night"
"In particular, we have to watch and see what the sterling/yen does".
"If Sterling goes up, the stock market will be bullish. If Sterling goes down,
the stock market will be bearish."
I laughed my head off. Here we are all week saying: If the stock market goes up, Go Long, If the market goes down, then Short!
Its like the blind leading the blind.
I wish I caught his name, I would find his email and send him a link to this thread. Then he would know ahead of time if he should go long or short on the stock.