When the mind is in a state of uncertainty the smallest impulse directs it to either side. [Lat., Dum in dubio est animus, paulo momento huc illuc impellitur.] Terence (Publius Terentius Afer)
While listening to NPR on my way to school today, I heard that Southwest airlines was the only airline that has not had fuel prices effect their bottom line because they decided to use future contracts to hedge their fuel expense! It’s hard to imagine that only the CEO of Southwest airlines knew about oil futures contracts.
I was at an Indymac location in Orange County, California today. To see the fear in people’s eyes that they might lose their deposits was eye-opening. Next bank?
I have setup an Online Afterword for "The Complete TurtleTrader" that adds even more detail. These are insights, nuggets, and narrative pieces not in my book, but only presented online.
TurtleTrader® is the trend following trading education, news & research leader. Our premier trader training gives traders the chance to make millionss. Additionally, Michael Covel's books are trading must reads.
