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Dame Daxx » Comments » ABB
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Boone Pickens' Holdings [View article]
Boone has stumbled on oil all year. When it first hit $100 (going up) he shorted, losing a lot. Then he switched to being long, only to get hit again when it came down.
The markets, all markets, this year have just been a Casino. I like this quote from the FT yesterday:
"So many trading models have failed catastrophically over the past months that the survivors can wonder if anything other than randomly distributed luck can be relied on."