Yeah that's sure is our kunundrum......having a coin w/many sides & decision makers who couldn't even find the right side if it were 1 sided.
Dang if we cant even decide how it is we should go about deciding....which is why we'll simply continue 2 b screwed no matter what party is "leadin" us.
Just finished watchin Fri's Fast Money (which was from Washington...speakin of politics).....Berkshire just booked 1.26 Bil in Oct Puts....then next on the ticker was they lost 4.25 on calls.....sounds like my rate of performance....lol
Guess it's hard for Buffet to try & become a trader....which this mrkt is forcing folks to do. After all the yrs of being told to buy & hold...now that's no longer working. So now we're being told to either sit it all out on the sidelines or if ya have the kahoonas to trade, only do so if u r going to be safisticated enuff to hedge w/puts or at least go long the short indexes like the sds if u wanna go net long.
But I'm thinken to myself as they are all preachin this to us...is this not a great time to at least begin nibblin long?
Why on earth should the average Joe & Jane even attempt to trade this market when its' at pretty much decade lows? If you have a time horizon of a few yrs I would advise the every day run of the mill novice trader to begin cost averaging over the next 12 mos. But most definitely not advise to try & play around w/puts & calls & hedging....after all, these folks dont have the time to do all this research..let alone gettin fancy. I gotta say, even I could make a long term killing in this market....just friggen cost ave the S&P over the next 12 mos or so & in 5 yrs time I bet you'll find u r up at least 20-25%...conservatively. Who here doesn't think the S&P wont be north to the tune of 20% or more from here in 5 yrs time?
Can't believe that they aren't tryin ta tell folks that this is a great time to begin slowly goin long....just goes ta show ya they really don't have your best interest in mind....just feedin the brokerages more chum.
& the politicians they had on...1 was a current admin guy who was asked about the transparicy of the TARP (not Kashkouri...the top TARP dog)...& his answer was....we dont have the time to worry about transparicy, we must trust it at least in the beg b/c we need to get the cash flowing out ASAP.....we can worry about transparicy later after we have ample time to figure out in what way/how to make it transparent.
Are u kidding me....that's like me walking into a bank & sayin, I've blown a wad of cash on a few bad decisions so pls give me some money right away.....& later when I have some more time I'll be sure ta let ya know just what my plans are w/re to how I'm gonna proceed. Sure....that'll fly....I'm sure Paulson when he was head of Goldman woulda bought into such a line of BS.....come ta think of it, he prolly would...lol
UNF'nREAL!!!
