As I type this, the House has passed yet another fund-the-government-a-few-more-days resolution, so now it’s up to the Senate. And when I look at the face below, I see a man of action. I see a man of strength. I see a man who will not compromise. Actually, none of that is true. What I see is a chinless, feckless dweeb who would utterly fail anywhere except the poisonous swamp of Washington D.C. But I suspect he and his insipid colleagues will vomit up enough votes to get the vital, vital services of our federal government running a little while longer. And thank GOD for that, right?
For some reason, Alcoa is traditionally the first major company to announce during earnings season, and this was the result last night…….
Of my five long-term option put positions (expiration: January 2019), by far my favorite is bonds, symbol TLT. The pattern is about 70% complete at this point, but if it finishes, hoooooooo boy.