Deep Market Thoughts...Keep it Simple

Selling Puts has to be the most assanine strategy of all time .

Just because Warren Buffett does it does not make it smart. He makes markets. He is too big to fail. You on the other hand are too small to succeed. See the difference :) .

I have a huge amount of really smart sophisticated readers that will disagree, but that’s what makes markets.

Much like tips, if you are going to last in the business, just say no to them.

As per the markets, it’s days like this that get me paid. All yutz’s make money in 1500 point rallies. You get paid for managing gains and losses.

On Friday, I tweeeeted:

It took a few extra days, but today the lazy were reminded that stocks go down. It is why although I have been trading a little and in small size, I remain light. This is not going to be an easy period and if you are light, you stay nimble and can focus on opportunities and offense, not defense. You can’t have massive inflation in food, steel, oil, porn (see how I slipped it in despite porn being in DEflation) and go straight up.

I have added some PAAS, GLD, SLW, CSTR and today IGT (for the kids as well) and traded FXP badly.

PS – I praise Google all the time and I use Google Finance because I hate Yahoo as a conglomerate lawyered up beast of suites, but Google Finance has become a quick atrocity to the eyes. The stock pages still rock though.

PSS – Verizon sucks. Serenity now….