I'm not panicky at all 
, just dissappointed that I don't have more physical gold and silver reserves. But, I can only blame myself, because I got Austins G&S brochures a year ago, and just never acted!
I've been shorting the broad index's (via put options) for the last three weeks, and have increased my optionsxpress portfolio almost 300%. And in the meantime, I've gone long on the buy-and-hold stock premise a few dyed-in-the-wool companies that I've been looking at for a few seasons, now that they're on sale.
You gotta love the exponential leveraging power of not just options... but put options in particular, as stocks by and large, seem to FALL much quicker than they RISE. With the ultimate being the VIX and VXX strangles of late.
What I think is going on is what they never taught us in high-school economics, we had to learn the hardway via personal struggles, defaults, humility, and bankruptcies. If you SPEND more than you MAKE, and then you eventually can only pay the INTEREST on the debts you've accumulated, outside of your 'need to exist' bills; well, eventually, you'll throw your hands up in resignation that doing 'the right thing', while morally satisfying, is practically pointless. Hence QE2, and our governments continued attempt at 'rectifiying it's household budget' via a CCCS (Consumer Credit Counselling Service) type of arrangement, which again... is just anothe money-making body - a vicious cycle.
I think currently, the nation, is coming to the conclusion that, well, It's time to bit the bullet, and face the cold hard truth --- As a nation, we're overspent, GROSSLY, and holy cow, we can't sweep this under the rug any longer, because, the World has pulled the rug out from under us.
Rambling, rambling, rambling....
, just dissappointed that I don't have more physical gold and silver reserves. But, I can only blame myself, because I got Austins G&S brochures a year ago, and just never acted!I've been shorting the broad index's (via put options) for the last three weeks, and have increased my optionsxpress portfolio almost 300%. And in the meantime, I've gone long on the buy-and-hold stock premise a few dyed-in-the-wool companies that I've been looking at for a few seasons, now that they're on sale.
You gotta love the exponential leveraging power of not just options... but put options in particular, as stocks by and large, seem to FALL much quicker than they RISE. With the ultimate being the VIX and VXX strangles of late.
What I think is going on is what they never taught us in high-school economics, we had to learn the hardway via personal struggles, defaults, humility, and bankruptcies. If you SPEND more than you MAKE, and then you eventually can only pay the INTEREST on the debts you've accumulated, outside of your 'need to exist' bills; well, eventually, you'll throw your hands up in resignation that doing 'the right thing', while morally satisfying, is practically pointless. Hence QE2, and our governments continued attempt at 'rectifiying it's household budget' via a CCCS (Consumer Credit Counselling Service) type of arrangement, which again... is just anothe money-making body - a vicious cycle.
I think currently, the nation, is coming to the conclusion that, well, It's time to bit the bullet, and face the cold hard truth --- As a nation, we're overspent, GROSSLY, and holy cow, we can't sweep this under the rug any longer, because, the World has pulled the rug out from under us.
Rambling, rambling, rambling....