Quote from alex.samant:
No really, mogul is right.
This is a joke. A SAD joke. There were a number of technical indicators to short the pound if you looked at the daily chart and there were numerous fundamental indicators that would have prompted you to short it and stay short no matter what.
So this kind of assumption, the journalist type, is as usual trying to prove something that they have no idea about.
If they had an idea about trading, they would have been doing it and not writing about it.
It's always the quest for the sensational that all conspiracy theories fans are about.
The charts will tell the truth.
The airlines stocks and insurance stocks before the 9/11 were overbought and a strong indication of reversal.
Maybe we should hold responsible the people who bought them in the first place giving other people the opportunity to sell them. This is nuts. Why not put the blame on Dow Jones for making this possible at all?