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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (2729)	11/29/2003 9:15:31 PM
From: yard_man	Read Replies (1) of 110194

I've been buying puts for the past couple of weeks ... hard to say. Seems like a reasonable place to take another shot. You'll laugh, but I am more fearful of a correction in the energy stocks, that I am the miners. Now there is talk of the fed easing its langauge on keeping rates low for an indeterminate amount of time -- what does that mean? I'll tell you what it means -- NOTHING. Doesn't mean they are going to raise any time soon. And even if they do raise in the 3rd quarter next year, they will get a larger spigot and open it wide. It's like Bush's silly tax cuts while he increases spending so fast you can't keep up ... I look at my index puts as kind of insurance against holding the miners -- if the market continues to run and my puts get crushed, miners will do even better. If the market is fixing to get hammered and miners with them, perhaps I can sell a little below the top and the index puts will make up the difference??

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