Totally agree with what you said in that post you referenced. IMO this market rise is due to the fact that there is no where else to put money to get a decent return. People are taking on more risk to achieve any return at all. Dangerous, and, as you say, it is all going to end badly, very badly.
Of course, low interest rates are meant to encourage businesses to borrow but that isn't happening now and at these rates, who is willing to invest money in anything that is interest rate dependent. The govt can't raise rates without causing the interest on the trillions the govt owes becoming unmanageable. Of course, sooner or later it'll all come home to roost. Anyway, hopefully I'll probably be long dead by then, LOL.
Selling Puts is my favorite play, Lee, but I pretty much stick to daytrading these days. Looks like we are in a slow-motion decline currently. I trade short-term SPY options almost exclusively now. One of my favorite plays is to sell a weekly Put or Call for pennies on Wed with a way OTM strike and let it expire on Friday. Doing this is fairly low-risk and in volume can be profitable. . .
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