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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: jaker who wrote (8528)	9/10/2008 12:23:06 PM
From: skinowski	Read Replies (2) \| Respond to of 41654

Energy -- Looks like the sector is trying to find a bottom. My plate is full - yesterday sold a few more puts on USO, UNG... and that's it. Rule #1 1/2 - never sell puts beyond what you're willing to buy in the form of the underlying. I'm done. Energy, imo, is a good hedge against inflation (and maybe deflation, considering how "pro-active" the politicians are). If in the future times will be bad, energy will still come back (besides, global demand may continue to increase even if ours comes down). If times will be good and prosperous - that's even better - demand will grow. If the question is - In what would you like to keep your money - in RE, land, gold, equities, cash, bonds - I think energy very likely belongs on the top of the list. (If I'm wrong, retirement may have to wait a bit longer... maybe quite a bit... LOL!)