Panic swept the Madrid Stock Exchange today. It ended in a 6% fall. Greece's bankrupcy has already been discounted. Nervous people spoil my natural feeling of content.
Follow Up: It also spoilt Wall Street's mood. Credit Suisse lost 7%.
The speculators are picking off the weaker members of the ERM tail. There is money to be made if only I knew how. I think there is still scope for a depreciation of the USD/ECU. I completely missed the boat at the 1.48 level.
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The speculators are picking off the weaker members of the ERM tail. There is money to be made if only I knew how. I think there is still scope for a depreciation of the USD/ECU. I completely missed the boat at the 1.48 level.
It is not easy to speculate.
When I am right, it is good judgement, and when I am wrong, it is bad luck.
Anon.
That's why Napoleon wanted only generals with good luck.
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