Apparently the Market is not allowed to go down for any reason – Trump was complaining about the Fed again today, even though Powell cut interest rates a 3rd time yesterday to further goose the market higher.
I decided to close out my Pfizer Inc (PFE) trade early – for $30.00. Since I collected $1,050.00 selling the options, that is a nice tidy profit of *$1.020.00 in less than a Month.
I have no idea where this market is heading – we live in very strange days indeed:
- Business Insider – US stocks are at ‘scary high levels’ — and 10 other terrifying charts about the global economy
- The Hill – Trump assumes Obama’s mantle as the ‘king of debt’
- ZeroHedge – Houses Approves Trump Impeachment Procedures and Chinese Bank On Verge Of Collapse After Sudden Bank Run
Does any of this seem bullish to you?
Everything seems radically overpriced to me – time to read a good book on value investing and wait for better opportunities to present themselves.
*Excludes transaction costs.
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