Well, the market stinks for the bulls. but the long-term investor has to be smiling. Quality companies are dirt cheap. The puts that have been losers for have turned green. (about time). I only sold MOT Oct 7 puts. I have no idea when they report earnings, but you can be sure i am all in on that on the bear side. Tho RIMM & AAPL are getting whacked at this point, they along with NOK may very well make MOT worthless on the wireless side.
Man, is APPL cheap. Their forward P/E is now obscenely ridiculous. We can thank Morgan Stanley. The govt should check out MS if they are messing with the market. I mean, isnt it obvious? This just shows me that i should consider buying LEAP calls. By 2011, Apple may very well have a worldwide mobile phone market share of 20%, you heard it hear first. Thats if this world continues (if you know what i mean)
Someone asked if they should buy GLD instead of my pick AUY. Well, i guess the answer is yes.
With all the red in the market... this is a GOOD thing. This should have happened months ago. Like when my portfolio was basically ALL puts. The FED shouldnt have done all this dumb stuff to 'ease' something that required a radical changes. This is an eventuality that had to take place. And thus, i have found no reason to be fully vested in this market. Guys like Tim are banking HUGE coin.
Like what i keep saying... Pay off your debts, because all the $US will one day be frozen. No more loans... so be responsible, dont further your debt!!!
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