I closed about 25 CSP positions and a few covered calls and other options positions this morning, most at smaller than planned profits. As a result, I've unloaded a lot of risk and set myself up for trying again when the markets settle down a bit. The Omicron situation is not getting much better in the U.S. and looks like it will get worse abroad, making supply chain problems tough to solve. Wall Street is talking about a half point hike in interest rates to start fighting inflation. That would be a good move, but the market doesn't like it. Labor shortages persist, and a lot of us vulnerable seniors are socially isolating like it was 2020. Biden and Democrats are campaigning to lose next November, and the GOP is fighting just as hard to help Democrats win. They're saying and doing crazy things, and it's all about them, not America.
I closed about 25 CSP positions and a few covered calls and other options positions this morning, most at smaller than planned profits. As a result, I've unloaded a lot of risk and set myself up for trying again when the markets settle down a bit. The Omicron situation is not getting much better in the U.S. and looks like it will get worse abroad, making supply chain problems tough to solve. Wall Street is talking about a half point hike in interest rates to start fighting inflation. That would be a good move, but the market doesn't like it. Labor shortages persist, and a lot of us vulnerable seniors are socially isolating like it was 2020. Biden and Democrats are campaigning to lose next November, and the GOP is fighting just as hard to help Democrats win. They're saying and doing crazy things, and it's all about them, not America.
Correction: I'm an independent speculator.
Thanks again Donald!
A very good start.