Back in early 2001 I was carrying a big loss from the 2000 bombarding on the US side of my account...the Canadian dollar was falling and I bought that debt out for when the Canuck buck was at around .65 against the US dollar. ...it bottomed close to .60cents. If I had kept that debt on the US side of the ledger and just paid interest on it and received interest on my Canadian side.....without touching the account and doing nothing.....I could have bought that debt for about half today....saving about half a mil.
[bleeeep]!
I just did a quick calculation...
Started by
eminimee
, Oct 31 2007 09:09 AM
3 replies to this topic
#1
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 31 October 2007 - 09:09 AM
#2
maineman
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maineman
Posted 31 October 2007 - 09:13 AM
Rule Number 2 of trading:
Dont look back...
mm
#3
Russ
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Member
Posted 31 October 2007 - 09:34 AM
Martin Armstrong predicted in the mid 1990's that the Canadian dollar would go down to about 62 cents and then rally back to parity with the commodity boom that he was forecasting too.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
eminimee
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- TT Member
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I don't care who's fur is flying...
Posted 31 October 2007 - 09:45 AM
DW kind of nailed it too.
