Earnings Will Support The Market Today - Sell OTM Puts and Put Credit Spreads!
Yesterday was one of the strangest days I can recall. On one hand, you had a nation celebrating the inauguration of a new President like never before. Hope and optimism electrified the nation. On the other hand, the issues confronting our new President caused the market to plunge. Financial stocks have been releasing earnings and the outlook is grim. A few weeks ago, Goldman Sachs forecasted that $1.6 trillion of new capital would have to flow into financial institutions to keep them viable. They also stated that this was a conservative estimate. Now it seems as though they were correct. The …
January 21, 2009
• Posted in: Options
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