Thursday, July 8, 2010

Anatomy of a Slipstream Trade

By Murray Dawes
--I'm a very sceptical person by nature.

--In relation to the markets I don't really listen to the constant stream of commentary from all those "experts". I have grown accustomed over the years to journalists wheeling out the bulls on the days when the market is up and then dragging out the bears when the market goes down. If the media was a human being you would have to conclude that they were suffering from multiple personality disorder and would have them committed.

--There is zero accountability across the whole spectrum of the financial markets; from the brokers to the reporting of news. They will all happily scream their views to all who will listen but there is no one looking back on their past performance and pointing out whether they would actually make money consistently over time. And I assure you that the great bulk of them get it wrong more often than not. (more)

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