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Re: jumanji0881 post# 3316

Thursday, 09/13/2012 4:26:23 PM

Thursday, September 13, 2012 4:26:23 PM

Post# of 37921
Insanely, I bought gold yesterday, so far so good. Hedged it today, selling oct covered call at 170, hard to lose money that way, though limits upside/

Market closed below my short, will cover in morning on any dip. My gut says goes higher at first, then a small correction.

btw, in past, spx always drops about 2% from todays highs in the next couple trading days. But am still sure we go higher for another couple weeks.We are so overbought, on phony news

Oh, and I am pretty sure a terrible recession, with higher gas and food prices is coming soon. MY gf has stored a ton of food in my basement, and I keep buying enough for the next couple years of stuff that will not go bad, like my staples:chocolate, olive oil, canned tuna fish, etc. Store them in the fridge or in the basement. BEst investment I can make with my cash.
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