It just popped up on my screen that the fed cut interest rates. I probably should be thrilled about this since I've managed to lose about 20% of my investments in the last two or three months. When the fed cuts rates the market goes up. I should have known something was up when I looked at my stocks and the premarket Bid's were all considerably higher than yesterdays close, which were in themselves considerably higher then they were during the middle of the day yesterday.
I'm sort of surprised. With Ben Bernanke (above) still being relatively new at his position as Chairman of the Federal Reserve, the last thing I would expect to see is him folding to market pressure. The market has been kuh-RAP recently and volatility has been nothing short of interesting even to the most casual investor. Still, this recent fallout only knocked off what, 10%? In the scheme of things and with respect to how well things had been this seemed healthy. It seemed as though yesterday's late day rebound was just a burst of optimistic investors trying to "buy low". However, it all of the sudden comes RIGHT before the fed cuts rates? That just seems weird. As much as I have learned about investing there is so much more I need to absorb.
Every time I've gotten ahead with my investments I have gotten greedy/risky and every time I have failed. Right now I'm on the fence as to whether the great feeling you get when your options double in value in one day is worth watching a once promising investment dwindle away over the course of a week or two until it becomes worthless.
I'm really beginning to run thin on money I am "willing to part with" in options and am beginning to form longer term positions with stocks I believe in like Bank of America and Best Buy. Yesterday I was fortunate to get out- break even- of 6 Whole Foods Market Sept 45 calls. OR ATLEAST I THOUGHT I was fortunate. Pre-market bid is now up a bit over 5%- unbelievable. And of course, the other option positions I have either are so far gone that a big gain wont help or are attached to stocks that aren't moving.
Regardless I guess its better to be complaining about the one that got away than about your investments that all dwindled away. Today should be interesting. I wonder how big of a deal the fed cut will be and if it will stop the losses after today. Maybe, now's a good time to but some puts.
Boy Ryan, you sure know how to pick 'em...
I'm sort of surprised. With Ben Bernanke (above) still being relatively new at his position as Chairman of the Federal Reserve, the last thing I would expect to see is him folding to market pressure. The market has been kuh-RAP recently and volatility has been nothing short of interesting even to the most casual investor. Still, this recent fallout only knocked off what, 10%? In the scheme of things and with respect to how well things had been this seemed healthy. It seemed as though yesterday's late day rebound was just a burst of optimistic investors trying to "buy low". However, it all of the sudden comes RIGHT before the fed cuts rates? That just seems weird. As much as I have learned about investing there is so much more I need to absorb.
Every time I've gotten ahead with my investments I have gotten greedy/risky and every time I have failed. Right now I'm on the fence as to whether the great feeling you get when your options double in value in one day is worth watching a once promising investment dwindle away over the course of a week or two until it becomes worthless.
I'm really beginning to run thin on money I am "willing to part with" in options and am beginning to form longer term positions with stocks I believe in like Bank of America and Best Buy. Yesterday I was fortunate to get out- break even- of 6 Whole Foods Market Sept 45 calls. OR ATLEAST I THOUGHT I was fortunate. Pre-market bid is now up a bit over 5%- unbelievable. And of course, the other option positions I have either are so far gone that a big gain wont help or are attached to stocks that aren't moving.
Regardless I guess its better to be complaining about the one that got away than about your investments that all dwindled away. Today should be interesting. I wonder how big of a deal the fed cut will be and if it will stop the losses after today. Maybe, now's a good time to but some puts.
Boy Ryan, you sure know how to pick 'em...
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