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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera
sixty2nds
To: sixty2nds who wrote (21582)12/22/2018 8:00:25 AM
From: robert b furman2 Recommendations   of 33421
 
Hi sixty,

I've read that before and I agree.

It is a new curse - the curse of ETF's and their liquidation.

To me it is an opportunity to take advantage of.

It has universally reduced the price of some wonderful stocks.

I've moved my account around and sold some big fat juicy puts that will expire out some 13 months from now.

If assigned them (and I do hope to get the stock assigned) - it'll take cash and my future dividend flow to have cash for all of them.

I've sold puts on Cohu, T, and XOM.

If you don't buy on market collapses when should you??

Thanks for that article . I read it before but did not save it - now I have.

I think the Fed is spot on by making cash a valued asset class again.

Let's face it - there are a lot of pensions out there, that need a decent return on their money. They've been ripped off by low rates for a decade - time for that to change back to normal!

I think Powell knows that and sees a need for a correction.

If you had debt back in 2008 and didn't pay it down - you have it coming to you now.

It didn't take a rocket scientist to lock in cheap long term money over the last 10 years!

Bob
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