Hard to believe Chris Matthews had the stones to ask such a question.
I remember back in the 1960,s when the Democrat Party was larger than it is now and the GOP was much smaller than now. There were few so called Independents. We also had Gus Halls American Communist Party and The Socialist Party. Some how or another the Communist and Socialists took over control of the Democrat Party which pushed many good folks into the GOP and Independent status. The once proud Democrat Party is now the party of Dim and delusion. Thats the way i see it,all are welcome to there own opinion.
In this market better safe than sorry. I expect PSEC to have good earnings but i will wait until the last minute and pass if no big drop.
I wonder why someone paid me $1.60 for a $85 Call? The faster it goes up and down the faster the cash register rings.
I will pass on the short ETF with the exception of SBJ and possibly EDV . There is a EDV string on this MB. EDV has a nice yield.
Historically September is the worst market month of the year. Also the Fed is expected to raise interest rates this September. Perhaps they will delay but they will drag out any decision or non decision making the process as excruciating as possible. Currently 55% cash in a holding pattern with nothing I want to sell and will only buy something that looks special . Anyone who wishes to "run and gun" this September is welcome to do so.
Inhirst, I was trading MREIT mid 2013 and was msngled. Take a look at AGNC and ARR Historical prices from say May 2013 to present using the monthly price option. Of course it might be different this time but I can't think of a reason why.
Take a look at RWR A commercial REIT ETF. I bought a RWR Put and currently under water. "The Janet" has said Commercial Real Estate was in a bubble but I might have to settle for a BE on a interest rate increase.
NRZ is a good residential REIT that I,m currently out of. It's tanking on missed earnings. I would do a lot of looking before I did any buying.
I personally think XOM is a nifty long term hold to trade around. And if PPS hits $40 I think that would be a lovely places to add and sell Put. Yesterday it seemed like a good day to sell a Dec 18 OTM Call and do I did. Best of luck to all but with XOM the only only ones who needs luck is the high Margin trader:)
The current Fed is very Dovish and IMO will find a reason each month not to raise rates until it becomes embarrassing and they get bad press. When they have no choice they will have a token raise. Most predict a token raise this year at the most.