"Doobie Keebler" <kooper.db@[EMAIL PROTECTED]
> wrote in message
news:80ee9885-8072-47c9-94be-3f51fcc8a210@[EMAIL PROTECTED]
> On Mar 25, 7:02 pm, "FrediFizzx" <fredifi...@[EMAIL PROTECTED]
> wrote:
>
>> > Every time you buy a stock it's a 'total shot in the dark', eh?
>>
>> Nope. I'm a long term investor if you haven't been able to notice
>> until
>> now. The odds are stacked in my favor...
>
> Every time you buy a stock you're predicting that a company won't fail
> tomorrow, won't be sued out of existence next week, doesn't have
> cooked books this quarter, or whatever.
You really need to pay attention. Why do you think I might have said
"quality" companies that you conveniently snipped out?
> At least I'm honest about it and take prudent steps to mitigate risk;
> I admit that maybe, just maybe, everything isn't as Zippity Doo Dah
> Wonderful as you and your fellow touts would like to believe (or have
> others believe.)
>
> I acknowledge risk in the market. That's why 80% of my ****t is in FDIC
> backed GMAC CD's at this moment. The rest is in play on QID/QLD
> momentum trades.
Sounds like a "chicken little" gambling strategy. When markets come out
of corrections like this, they usually go up fast. You will miss most
of the momentum. It is well proven that it is "time in the markets"
that counts the most; not timing the markets.
> BTW... in business forecasting it is quite common to recognize
> potential variations in interest rates and x-rates.
>
> Today, I was working on repricing manufactured goods that we formerly
> built in Canada and now build and ****p from Memphis. However, we sell
> them in Canada, our price list is in CAD, but we invoice our VARs in
> USD. Therefore, I would be remiss in my duties if I didn't consider
> potential future exchange rate variances. That's why I asked the
> question: "what's a reliable source for information on exchange rate
> futures?"
You are still remiss in your duties if you think anyone can reliably
forecast short term currency exchange rates (over the next 9 months).
> It was (and is) a legitimate question.
It was and still is a dumb question.
Fred
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