As I speculated it might, CFC blew through the 35 level yesterday. It's back above 35 this morning. Our option spread that cost 0.80 is now worth about 1.30. I'm holding on in hopes that CFC stays around 35 until Friday, when the trade could be worth 1.50 or more.
Meanwhile, the ABX continues to go straight down, far below even last week's shocking levels. Something is happening, but you don't know what it is, do you, Mr. Jones?
-
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
QE has permanently ruined bonds for investors
You used to earn an interest rate roughly inline with nominal GDP growth, even slightly better. Since the Fed started manipulating interest...
No comments:
Post a Comment