7.03.2007

Countrywide option trade

I want a little more leverage in case we get a CFC disaster. I did an option spread this morning, short the July 35 puts and long the August 35 puts for a net cost of 0.80. Both an earnings announcement and a dividend hit between the dates.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...