Tuesday, February 26, 2008

Stay the course

As mundane as it is, as boring as it is, staying the course of dollar falling natural resources gaining is the (well certainly should be) Mantra of our times.

http://online.wsj.com/article/SB120398607404892133.html This article says much more than the spin you get. Pay attention to what is really going on and what the spin want you to believe. Britain is reporting terrible housing problems as well.

It appears a race to see who can devalue their currency the quickest. Now with any volatile climate, buying and selling options has tremendous risk. I cannot express enough to ignore the swings. They are a part of the game. If you lean towards the long term such as I do, you will want to use Diagonals. The reason here for diagonals and not straight calendars is the fact that we are directional.

Hope this helps and steers folks away from the spin and into the right decisions.

Later

1 comment:

Anonymous said...

Thanks for including me on your mailing list. Merv Helfert