After spewing around 55,000 tons of carbon emissions from planes, trains and limos to get to the HAMLET in Denmark, world leaders resolved nothing concrete. What are they smoking (or snuffing) in Copenhagen? Apparently it was so COLD there the demonstrators had to abandon their posts.
Meanwhile, Fareed Zakaria's Sunday CNN guest, Nathan Myrhvold posits that the CO2 is already up there, if we spend Trillions to even eliminate further emissions letting the emerging countries run amok, it would be more feasible to raise a hose 17 miles into the air via a helium balloon, and spew fire-hydrant amounts of sulphur dioxide into the stratosphere neutralizing the existing and future emissions - works for me.
Since cars produce less carbon monoxide than the planet's cows, they now also want to bundle up the manure in plastic to reduce it - my solution would be to feed the cows BEANO. Then we can work on the hot air from Wash.DC.
And now to a commercial: This weekend I gave a talk on my zero-rate alternative investment strategy to a group, this being a covered call stock plan that has YTD yielded high double-digit returns, along with a safety-net cushion against normal stock declines. For the lecture notes and charts, readers can contact me at:
leonbrnt@aol.com
As of January I am starting an inexpensive e-mail advisory service, hand-feeding Buy/Write trades, as well as monitoring them weekly for declines or stock call-aways. In my view it is lower in risk than Index funds or stock investing, for the Trillions that are now receiving an "extended" rate near zero %.
No major surprises this week, despite Quadruple-witching expiry: Volume and breadth (New Highs/Lows) were strong, boding well for the near future; money market funds Decreased (see commercial) by a huge $51B. Still, per Barron's, $11B came out of Equity funds in '09 while $357B went in Bonds - total ETFs increased $50B last month, up 7.3%
Here are the Sentiment numbers for the week:
| MktSentiment | Last Week | Prev. Week | 5 Year HI | 5 Year Low |
| DJIA: | 10328 | 10471 | 14093 | 6626 |
| Nasdaq: | 2211 | 2190 | 2805 | 1114 |
| S&P 500: | 1102 | 1106 | 1561 | 683 |
| CBOE Eq. put/call: | 66 | 62 | 96-10/08 | 46-1/03 |
| VIX: | 21.7 | 21.6 | 90 | 8.8 |
| McClellan Osc: | 7 | 21 | 108 | -100 |
| McClellan Sum: | 596 | 496 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 52.2 | 48.4 | 63 | 22.21 |
InvestorsIntel.Bear: | 16.7 | 16.5 | 54.4 | 16 |
AAII Bull: | 42.1 | 42.7 | n/a | n/a |
AAII Bear: | 28.4 | 35.4 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.56 | 0.55 | 2.2 | 0.56 |
| Mutual Fund Flows(1 wk delay) | n/a | 6B | ||
| Money Market Flows | -51B | -.4B | ||
| ETFequity:MonthlyTotals | Oct.591B | Sep.$580B | ||
| Baltic Dry Index: | 3258 | 3579 | 11700 | 663 |
Bullish %: | 75buy | 72 | 88 | 2 |
| Insider Corporate Sellers: | 28:1 | 43:1 | 108:1 | 2.4:1 |
With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance
Subscribe in a reader
No comments:
Post a Comment