I said the same thing when I handed her my "oscar meyer" the other night.
She's a good eater, don't knock it.
Here we go again with another pull back.
The prez and the fed owns this here market, in case anyone hasn't noticed.
I remember when droll alert was "palerider", but I sure do miss "polerider"
Nyuk nyuk nyuk!
woob, woob, woob.
To get long the silver.
I recommend the "Fizzzzzzzz-acle".
I mentioned a couple months ago, by that dip. We went sideways and up since. Don't expect it to go down much from here.....it's tending. This next move will see lifetime highs beyond the expectations of most.
This is only going to work for those of you, who have been holding shares of quality stocks for many years.
Short some near the money, or even in the money calls, with LEAP expirations.
If you're like me you'll be taking some of the premium and buying some "junk" bearish ETF calls with the income, or possibly some puts on select symbols.
I mentioned the same technique last year, and I'll mention it again now. The benefit is that you're using other traders money to take a crack at something going against the trend. The trade off, or downside, is that it can "water down" your profits.
Valuations are getting rich, and investors are starting to get complacent, if not downright euphoric. This in the face of fundamentals that are worse than 1999 or 2007.
You can't rule out a year or even several more years of this kind of action. Today we saw the markets open deeply lower, then rise throughout the day.
The interesting thing is, despite rising all day, the markets still ended the day with a loss, and finished on a down note.
So lets get back to the strategy. Being short calls against the stocks you hold long term like this can at least protect you to some extent in the face of a nasty down move. Those usually come when the bullish cheerleaders of the world consider impossible.
Over, and out.
We're looking for volunteers.
Those who think "Reduce population" is a good idea can go first.
That's great, but what happens if they successfully rebel against the Rothchilds?
Maybe there is free money after all.