Last week was amazing in the world of politics and business. Just one thing after another. I was still catching up on Friday's paper during Sunday, the news was so cool and dense. Spitzer. Scruggs. Obama. Bush's moronic speech in New York on Friday. Just waist-deep in news and events. I'm a news junkie, so it was awesome.
And here we enter a new week with the financial world is total turmoil and chaos.
For myself – – – wimpy little puss-man that I am – – – I'm probably going to bail on my index -puts almost immediately since they're going to be at a compelling area.
I would imagine the VIX is going to start blasting toward 40. There's no way for me to tell, of course, what's going to happen in the next few weeks, but I'm operating under the assumption this awesome party may be nearing an intermission or pause of some sort. But I've got 80 puts, and even if I dump my index puts, that still leaves with me 78!
Good luck out there, folks. This is going to be one hell of a ride.
