I can’t believe the Federal Reserve cut interest rates at record high stocks & record low unemployment! Are we at peak crazy yet?
- ZeroHedge – Powell Pivot Complete – Fed Cuts Rates For First Time In 11 Years, Faces Two Dissents
- MarketWatch – Opinion: This Fed rate cut could signal the stock market’s peak
Market is tanking anyway – maybe Powell will ignore Trump going forward. Anyway, I lost my Anheuser-Busch InBev (BUD) on Friday – not very happy about it.
The nice thing about options is you can be wrong over and over again, and still make money. I sold PUT options on BUD to early and ended up with 500 shares – and sold CALL options on my shares too early, and lost the shares below where they are trading today. With all my mistakes, I still netted a $14,005.00 profit.
I will take it and move on – hopefully the market crashes soon and offers up some new bargains.
Leave a Reply