In the end, trading is about booking profits. You do not
have to be first on the right side of the market and there
is no sin to leaving a little money on the table.
Rita is going to hit land full force about 24 hours from now.
It will be a major event and forecasters say that with the
jet stream way north, the storm will linger and not dissipate
as quickly as did Katrina.
Next week will be soon enough for me to look at opportunities.
I am particularly interested in seeing what the total bill
might be for reconstruction / redevelopment in the wake of
both storms and how economic policy will respond.
I have ended full text posting. Instead, I post investment and related notes in brief, cryptic form. The notes are not intended as advice, but are just notes to myself.
About Me
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!
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