If the supposed bailout is to effect the banking system, why do we need a vote for 700 billion. Didnt the reserves just pump 650 billion into the system already?
Is this bailout pacakage more of a "see we are doing something" in Washington.
Looking to go long Nov. puts in the next few days on the SPY. What strike depends on where the market is at the time. I am looking for a real route this month in equities. I do not usually do this, but what the market is showing us this makes sense to me.
2 comments:
sorry Dell, I'm new
Going long Nov Puts means you will buy a put and hope that the market goes down?
That is correct.
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