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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (103339)5/20/2001 10:00:49 PM
From: yard_man  Read Replies (1) of 436258
 
I like the way this guy writes about AG --

gold-eagle.com

>>Thus, Greenspan is now committing two classic errors of the undisciplined trader. He has become wedded to his intellectual position, rather than marking the trade to market critically and he is seeking refuge from a losing proposition by shifting his timeframe from shorter to longer term to justify its retention.

It is a shame that he is not in fact on a desk, for then we would have a Chief Dealer to come and tell him to cut it. Unfortunately, the reality is that while Greenspan merely risks the vestiges of his reputation, it is we who will bear the ultimate cost of settling his gamble.

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