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Title: Ruminations of the Log Rollers
Review: It appears that the coffee klatch has gotten together to wax on about their favorite trading buddies: you review mine, I review yours. Is it possible to get a fair review of the book if these online back-scratchers didn't sow their 5-star seeds in each other's fields? As far as the book goes, it's full of cute stories but as a practical speculation tool, it's downright comical. The authors cite the VIX as their favorite indicator and present a brief study of the market's performance after the VIX hits a certain absolute level. Hello Grandma, the apple pie's already been baked! The VIX ain't that easy any more, but the authors pony up their hypothesis as if it were an earth-shattering insight. As my surf buddy would say, this is trading for dilettantes, DUDE! I think a better title for the book would have been Impractical Speculation so we could have learned exactly how one reconciles practical insights with impractical trading.
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