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Strategies & Market Trends : NetCurrents NTCS

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To: Teresa Lo who wrote (579)10/12/2000 11:21:11 PM
From: Patrick Slevin  Read Replies (1) of 8925
 
Yes you encapsulated it well. The pat move for the futures trader is to secure a posture in safety, hence the Treasury Bills. One cannot compare positioning a stock with trading a futures contract or two. The decimation that may occur with the wrong decision in a futures trade requires a sense of guardedness that one will not see in the stock trader, as well hedged and as well schooled as they may be.

As I get older and wiser the more money I have in T-Bills the better I feel. J.P. Morgan, by the way, is quoted often. The quote is "Stocks Fluctuate".

Morgan said that because he considered the stock market a fool's game. He made his money in Bonds.
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