Wednesday, November 12
OK, I'm back from my afternoon bookstore trip. If you are looking for Waterstone's Business Bookshop at 72 Park Road (Baker Street tube stop) you ain't gonna find
it because it's gone. Blackwell's bought them out and moved the store down the street to 18-22 Park Road.
That shop had fairly slim pickings,
nothing really interesting. So I went over to Blackwell's Business & Law Bookshop at 243-244 High Holborn (Holborn tube stop), which had
a nicer selection. Unfortunately there was an American salesgirl there who kept on loudly saying "OK" and "No Problem" which annoyed me (I'm
becoming British you see).
Actually the best, most organized business book section I found was at Foyles
on Charing Cross Road. And the Borders across the street from Foyles was pretty intelligently arranged too. I hate messy, disorganized
shelves -- must be the German in me. I'll be going back to that Foyles.
Some books I ran across that I hadn't seen before that deserve a closer look:
I also skimmed through Alex Elder's Come Into My Trading Room which looked like a rehashing of his old
book Trading for a Living. When I read
Trading for a Living many years ago I liked the bits about trader psychology and Alcoholics Anonymous, but didn't get much out of the
rest. (I like to call it Writing Trading Books for a Living.)
Anyway, he lists six example trades in this new book based on his "Triple Screen" system. I think I'll write up a special post about them later.
The Chairman explains a really lovely short trade in today's Trading for Dummies Lesson. If they were all this sweet and
straightforward I would still have a full head of thick hair. (DISH is a great ticker symbol along with LUV and YUM.)
E-mini S&P 500, Daily Chart
I found an excellent online guide to bookstores in London. Today I plan to visit Waterstone's Business Bookshop at
72 Park Road and Blackwell's Business & Law Bookshop at 243-244 High Holborn, and will report on my findings.
Tim Wood quotes Liang Hong, Goldman Sachs' China economist, in this article:
"Contrary to the common belief in China that hot money is mainly brought in by foreign-currency speculators, it is Chinese
residents who are quietly shifting their assets out of dollars and into yuan. The growth in dollar deposits in onshore banks
-- held by residents as well as enterprises -- has slowed notably since early 2001, initially in response to interest-rate
differentials, but increasingly due to rising expectations that the yuan will appreciate. This has led to a steep decline
in dollar deposits relative to yuan deposits."
President Bush's entourage for his trip to London will include:
- Up to 250 Secret Service agents.
- Up to 150 advisers from the National Security department.
- About 200 representatives of other US departments.
- About 50 White House political aides.
- A team of 15 sniffer dogs and their handlers.
- A personal chef and his team of four cooks.
But are Spotty and Barney coming?
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