I think the markets are cheap and may get cheaper.
I bought about 5000 shares of Citigroup and wrote 50 covered July calls 2.00 strike for .62-.65. I think this is the best way to make money, keep the shares and profit off or other people's misery in this market.
I also bought some CVX today because it got nailed. I don't care where its price goes over the next 6 months it does I just want its yield. Cramer is an idiot btw.
I bought a few short funds, but haven't touched Goldman yet. I may short it too, this market is way overbought even though its cheap. Some of the August Puts are looking good.
For some fun I went out to my local coin store and bought some Silver Eagles. I don't know why, but maybe when I play poker, well have a Silver Eagle Poker game or something...its what us people with money just do. Bought a Gold Watch for my nephew he got into Baylor and is turning his life around I'm so proud of him.
I took some out and put it in 4 different bank accounts with 4 different banks to protect it. I'm not going to touch an IRA or Mutual Fund as it would be a death sentence when Obama decides to rape it too. Why did you guys vote for him do you like losing money and destroying your futures? Oh yeah thats right, you're democrats I almost forgot.
I think the Flagpoles are wrong, and to the people wanted me to be hookers and what not, I can do that if I make more money. Labor is about to get cheap as the recession deapens.