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....................................... In today's Trading for Dummies lesson the Chairman explains two trades, one long one short, and talks briefly about the advantages of having the broad market wind at your back. .......... The long-term trend players are having a banner year in the Canadian Dollar. They've been long since 0.64ish and still holding. Their logic doesn't look the least bit fuzzy.
.......... The Times has an article on Textbook Arbitrage today. When I was in business school I got quite a few textbooks from Taiwan for about 30% of the US price. I've loathed the textbook industry since my undergraduate days and was thrilled to be able to go to the gray market.
"To be sure, textbook costs, however high, are only the final straw for American college students, whose tuition costs and fees have been rising rapidly. At Williams and other elite universities, for example, tuition, room and board now tops $35,000 a year. In Britain, though, the cost of tuition is largely borne by the government and students pay much less.
For example, tuition alone for undergraduates at Harvard is currently $26,066 a year as compared with $1,840 at Oxford University." .......... Floyd Norris writes about the SEC's proposed changes to the rules on short sales. .......... I read in the New Yorker that Quentin Tarantino's three favorite movies of all time are Rio Bravo, Taxi Driver, and Blow Out. Previous Entry >>> Random Thoughts -- October 22 |
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Chairman MaoXian |
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