[AAA]

$this->bbcode_second_pass_quote('joewp', '
')
I own quite a few December 55 puts on the SPX and I just bought two more today.

Good enough?

[patience]

Yeah, well, we all have made our choices. Even doing nothing is a choice. For myself, I think the market is outrageously dangerous, and got out for T's last year, then got out of T's in January and went to cash and 20% junk silver coins. Other "savings" is in hard goods--stuff we will use, eat, or make productive in some way. There are a lot of investment options that don't involve paper or contracts, which is where I'm headed and mostly there. Good luck playing the market. I see it as a day trade only now, and wiser heads than mine are sitting it out.

[AAA]

$this->bbcode_second_pass_quote('patience', 'Y')eah, well, we all have made our choices. Even doing nothing is a choice. For myself, I think the market is outrageously dangerous, and got out for T's last year, then got out of T's in January and went to cash and 20% junk silver coins. Other "savings" is in hard goods--stuff we will use, eat, or make productive in some way. There are a lot of investment options that don't involve paper or contracts, which is where I'm headed and mostly there. Good luck playing the market. I see it as a day trade only now, and wiser heads than mine are sitting it out.

[jdmartin]

I'm currently completely out of the market, other than a pension plan which I can't control investment choices. I sold off my remaining GM & Ford stock in January. Ford I would have made a couple of bucks on if I held it, and lost a couple of bucks on GM, so it ends up a wash.

I think we're in a reverse-sawtooth boom/bust cycle, and I have no idea where the point of equilibrium is. That said, as AAA said, you can make some money if you know where the peaks and valleys are - or suspect where they are. If you're wrong, of course, you lose out. I don't spend enough time watching the different companies to be able to time those things with any accuracy, and there's too much volatility for me to stomach these days, so I'm more focused on finishing paying off the mortgage than trying to game the market.

[AAA]

$this->bbcode_second_pass_quote('jdmartin', ' ')so I'm more focused on finishing paying off the mortgage than trying to game the market.