back in the gamePosted: October 11, 2012
I’ve been in my own little world working since February and finally re-focusing on trading. Heading back to the states after a busy summer cruising around the mediterranean. Halfway across the Atlantic, heading to Fort Lauderdale, Florida. I’m using the internet in the middle of an ocean… sweet. Thought I’d jot down some things of interest and remarkable changes I’ve caught up on since I’ve been busy with work for the past eight months.
SP finally got over 1300 range and now sitting mid 1400’s.
AAPL was over 700 in September, and now sitting at Google levels. There must be some talk of a bubble.
Riots haven’t stopped
Spain is now in the spotlight as well as France for austerity measures, following Greece and the rest of the Euro countries.
Elections coming up in the next month.
Oil is under 100 again.
Now what? The theory of trading the rally to elections has certainly paid off. Now I’m wondering – how long will it last? I am buying some calls and puts now as SP 1400 is starting to stagnate. Things could easily go either way, but S&P 1400 is still low in my opinion. $1400 for an index is almost insignificant, yet 900 is still fresh in my mind.
I’m prepared for a distribution phase to begin, or a correction.
Same as usual… playing for long term slow boring growth and always ready for a correction to seize opportunity.
Finally, some random questions, from cabin-fever inspired debates with colleagues.
Lion versus Grizzly Bear, who wins?
Does the Earth spin at the same speed in the Bahamas as in Canada?
Crunchy Peanut Butter or Smooth?