by OptionPundit on August 6, 2009
So you think you can dance, with the markets?
Sometime back I read a book by Barton Biggs “Wealth, War & Wisdom” where he documented several instances going as far back as WW-II that collectively market participants know what’s coming and hence market starts to show light even when it is pitch dark elsewhere. Sure enough, [...]
by OptionPundit on April 4, 2009
A terrific week and 3 cheers to the Bulls for sustaining the momentum. Finally, my witty Oct’08 remark on “Mark to Market” relaxation a.k.a “do-what-you-want” came true; G-20 supported by $1trillions and a market that went down nearly-2% and then back up +6.5% to close overall +5.75% (Dow). Ups-n-down, and then up up and up. [...]
by OptionPundit on March 30, 2009
Though it is difficult to say anything like this these days, but still I am inclined to say this; Fasten your seat belts. I hope you had sufficient time to prepare for hedging as I shared my “heads-up” after Thursday close last week. As of this writing Dow futures are down almost 200 points, that’s [...]
by OptionPundit on March 22, 2009
March’09 portfolios were closed +8.8% (excluding commissions) and +5.6% (including commissions). I used up about +46.7% of the assumed 10K capital for OPNewsletter. This result doesn’t include excellent results from bonus trade alerts.
When compared with broader markets, this was probably one of the best months for OPNewsletter. Look at the major market movements since [...]
by OptionPundit on February 22, 2009
When compared with broader markets, Feb was an excellent month for OPNewsletter coupled with a few good learnings (kinda reinforcement, been there done that, but forget that). Overall, OPNewsletter for Feb closed up +5.6% x-commissions and +2.6% including commissions. Capital preservtion and thus allocation was higher priority vs missing an opportunity.
These results doesn’t include the [...]
by OptionPundit on February 20, 2009
I have tried my best to warn OP readers of the upcoming storm, over and over again starting from November 2007. Fun fact, this is what I wrote then-
But hey, if you do get a bearish market, then don’t forget to mention that you were told first hand here at OptionPundit.
We are close to disastrous [...]
by OptionPundit on February 14, 2009
An excellent month for OPNewsletter so far. Overall, OPNewsletter is up +8.87% x-commissions and +5.85% including commissions. We didn’t have to make any major adjustments to our portfolios except one which rolled partially to next month. We closed one portfolio for +17.17% gains and except any major disastrous events on Tuesday market open, remainder portfolios [...]