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To: sdk7x7
WSJ read it and learn!
92 posted on 08/19/2003 10:42:35 PM PDT by Major_Risktaker (The only way to protect my family is to protect your family.)
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To: Major_Risktaker
Strongly recommend that you avoid, at least, the daily columns on currency trading and the futures mkts. I've kept for years a file of the absolute howlers appearing in these columns. Occasionally, I post them on forum.ino.com, a trading website.

You quite literally cannot believe some of the outright and hilarious stupidity occasionally published in these two columns.

One example, from August 2001, byline Peter A. McKay (who still, incredibly, does this column from time to time)...and I quote, verbatim, ...

''New York coffee's 'C' contract finished broadly lower today. Market sources indicated that the arrival of fair weather aided the growers in their efforts to clear fields for next year's crop, so sellers took advantage of the favorable weather to drive prices downward.''

If you get it, you get it. If you don't, you don't...but you might ask why that sentiment IS so hilarious. (Here's a hint: coffee is a perennial, ok? It ain't wheat.)

99 posted on 08/19/2003 11:32:28 PM PDT by SAJ (Trust government, any government, and you're digging your own grave)
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