Alan Greenspan is on CNBC at the moment. He says he watches the 10 year for an insight into what's happening (he was lamenting that the LIBOR gets too much CNBC screen space in comparison).

Therefore (I think this is a logical deduction) I ought to watch it too, but I have no idea why and wonder if someone could enlighten me.

I may, on occasion, be able to spot a pattern and create an options position judiciously, but so far in trading I feel I am a tactician and need to progress to strategy, for a better understanding of this art.

He also discloses he is, maybe, working on a book The Econometrics of Human Nature, which seems to be prompted by a whim, or more likely, a muse!


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