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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (5471)	1/26/2018 3:05:22 PM
From: robert b furman	Read Replies (1) \| Respond to of 26417

Hi Kirk, I just think a breather and a reset will be so healthy for the longer term view. Even though the ratio reversed hard (up) it didn't do a lot of damage on Dec 2016. Any of the 2017 moves were modest down to sideways. . Just a healthy Macd reset. Or maybe the tax cuts is just so powerful everyone expects the earnings to give us a once in a lifetime parabolic run? I'm long all my core holdings - but unwinding my sold puts with time decay and a big expiration last month. Modest puts expire in March, April, June and July. Not reselling any puts for several months and building cash from dividends. I did buy some ESV's that were put to me in January adjusted cost of $6.70 with 5's and 6's to expire in March. My expired other puts more than paid for the ESV's - so slowly building the portfolio with diversity while adding cash reserves. Bob