Claude; may be some confusion; as Prophet keeps asking me about cyrx
and I respond, no I'm not out of my Jan AOL puts..they stay.
SPX really trades as SPW, IMO too late to buy puts on her calls would
be better, heck I just sold my puts on her. That's history she has
come down from about 70, and IMO is oversold at this time, ( compared
to the infaleted market ) One more thing just because the market
is inflated doesn't mean it wont, or can't inflate more, however the tax gain reductions may cause some sell off, yet that's hard
to call, as many big money boys were expecting it to clear, and
they locked in profits by selling short, so a lot of the short
interest is from thoes locking in profits, selling aginst the box
to put off the taxes untill the cap gains was final, that short interest will likley prevent any big sell off.
Worse hit will be the muni bonds
and the old retired people who invest in them, as they will lose
value..who wants a low interest tax free bond, is the tax is cut
on the other ones. This cap gaines tax cut just riped off one set
of people to reward another, GreenSpam belongs to the camp of
the radical right, or ( rich )..this was all legal, but in my mind
it was still criminal, a change like that should have been
phased in , and with advanced notice. Making it retro active was
the most criminal part of it. It's hell when our top men behave
with lower sruples than a pick pocket, and do it in a high handed way, we live in a system were justice is for sale to the highest bidder,
and who ever has the most money can always be right, the dollar
has become GOD, at least for the GreenSpam people of the world.
Jim
Jim
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