<p>Ok. I have to admit that I had to look up what muay thai was.</p>
<p>I have no idea how people could afford to go either.</p>
<p>I have sold zero options this week. I do feel under pressure to sell something. I only bought in those fb puts and those were losers. This week is the first week I haven’t sold anything or made money selling options in a long time. Not being in the office is probably not going to help me. I may have to turn on the tv to CNBC. :)</p>
<p>I would like to make a little something trading options every week. Otherwise, I should do something else with the money.</p>
<p>Ok. Nevermind. i just sold stuff.:)</p>
<p>If you want to see some good muay thai, rent Ong Bak: The Thai Warrior.</p>
<p>The plot is pretty predictable, but the fight scenes are great.</p>
<p>I sold 10/12 FB 20 puts. I wasn’t certain if I wanted to take the loss or not. I decided - not - so I rolled them out to 11/17 17 puts for a net gain of .22. The 52 week low was 17.55 so we’ll see.</p>
<p>I might do a ratio put spread in fb. Buy the 18 strike price sell more of the 17 stirke price…</p>
<p>Something like that.</p>
<p>I haven’t really looked yet. I guess i could look. :)</p>
<p>“I am at the event. I can’t believe people spend so much of their hard earned money on this. What are they thinking? I have no idea. The seats weren’t even that good. These wrestlers are great athletes. I will say that. But people, save your money.”</p>
<p>When I was 12, my father took me to see Bruno Sammartino v. Gorilla Monsoon at the old Madison Square Garden. Up in the cheap seats (I think they cost $2.50 each.) 18,000 screaming Italians! Match went on for about 40 minutes, and ended in joint count-outs. Could barely see from where we were. Before the main event, there was Antonina Rocca (Argentine, but the audience thought he was Italian), who said he was going to live forever because of his diet and training regimen (died of a heart attack in his 40s), and Bobo Brazil (he sure did have a hard head!), and Arnold Skoaland (Skaalund?), an out-of-shape, over-the-hill New Yorker who looked just like my father.</p>
<p>But I haven’t seen anything since the tragic death of Adrian Adonis.</p>
<p>Wow. What a great match, mini. I will have to look up Adrain Adonis. Don’t know him.</p>
<p>I just figured out that using Schwab, I can trade advanced option strategies with the ipad. I had no idea.</p>
<p>I entered a fb spread. We will see if I get filled. I have to get some exercise now. I am still overweight. Maybe,
I will be filled by the time I get back.</p>
<p>Edit: ok. I looked up Adrain Adonis. That is a tragic death. Very sad.</p>
<p>I’ve said several times this week the market is not a very interesting place to be. The intermediate term trends remain in place, but things are not clear in the near term. As of now, the market is set to close its biggest down week since the rally off the summer lows began. One big down week doesn’t change the big picture, but it does change how we trade. I’ve been mostly laying low.</p>
<p>Building your account is a two step process. 1) You gotta seize opportunities when they’re given – make money when making money is easy. 2) Don’t give profits back when the personality of the market shifts and trading becomes much more difficult. There are no bonus points to navigating a difficult market. Most traders would be better off heading to the sidelines when the market changes. It’s the baseball equivalent of “swing at good pitches, don’t swing at bad pitches.” </p>
<p>(From Leavitt Brothers Blog which I won’t link to because of the rules)</p>
<p>BTW, there are many daytraders on the site that are doing their thing but some of us with longer horizons are better off just sitting on the sidelines for now.</p>
<p>[Private</a> Equity Exposed: A Lawsuit Blows The Lid Off Shady Deals | The New Republic](<a href=“http://www.tnr.com/blog/plank/108521/private-equity-exposed-lawsuit-blows-the-lid-shady-deals]Private”>Private Equity Exposed: A Lawsuit Blows the Lid Off Shady Deals | The New Republic)</p>
<p>“More people in the U.S. work for companies owned by PE funds than belong to unions. More than half the corporate debt in the U.S. is rated junk, and the high leverage used by PE firms in their deals is far and away the biggest culprit. It’s a virtual certainty you are supporting the private equity industry. Public pension funds, whose monies come from state and local tax dollars, are one of the biggest investors in LBO funds, particularly the mega funds like KKR and Blackstone.”</p>
<p>This is where the power is in the US. Looks like some laws don’t apply to PE.</p>
<p>We’ve got a ballot measure this year, passed by our Legislature, that would allow state universities to invest in this crap. Bet it will pass, too, as few people know what it actually means.</p>
<p>Mini, that is a shame.</p>
<p>Somebody else posted this link on another thread.</p>
<p><a href=“A Hard Landing for University Endowments - The New York Times”>A Hard Landing for University Endowments - The New York Times;
<p>The people who make the money are the people that run the pe firms and hedge funds. The investors don’t make too much. </p>
<p>PE firms, as the article states, were a good investment at one time. Then
too much money entered the space. They stink now and have for
several years. How is that much money invested in pe going to do well for investors? It’s not.</p>
<p>Sorry to read that Washington universities are going to throw money
into PE. Harvard would like to sell some of its pe portfolio. Maybe this will be good news for Harvard.</p>
<p>There was a piece in the NY Times today about Glenn Hubbard, the bought and sold economist. I can’t stand the guy. I can’t stand the guy because his economic policies don’t work for most people. They work for the top .1 percent. That is for sure. Maybe the top 2 or 3 percent.</p>
<p>Glenn Hubbard is just another guy on the take. Paid by PE to spout bs. And then as Mini pointed put, we have our universities investing in this garbage.</p>
<p>I read Gary Shilling’s piece on deflation. A litlle deflation might be good for me. I don’t see deflation when my friends are refinancing or purchasing their homes and paying interest rates of 2.85 to 3.25.</p>
<p>Housing has bottomed and with medical costs rising, even if the rises are smaller than projected, we are going to have to have price decreases in the rest of the economy to have deflation. I don’t see that happening.</p>
<p>I liked Shilling’s info though.</p>
<p>Gary Shilling is an interesting character. I love listening to him on the radio. His background is physics like me. He’s been in bonds forever and quite right he’s been.</p>
<p>mini, I bet it will pass 
despite the Bunsen family’s votes agains this crap.</p>
<p><a href=“https://wei.sos.wa.gov/agency/osos/en/press_and_research/PreviousElections/2012/General-Election/Documents/SJR%208223_complete_text.pdf[/url]”>https://wei.sos.wa.gov/agency/osos/en/press_and_research/PreviousElections/2012/General-Election/Documents/SJR%208223_complete_text.pdf</a></p>
<p>BunsenBurner, does this vote in Washington allow state money to be invested in hedge funds and venture capital funds too?</p>
<p>As I understand it, the state already does. What is new is that the state colleges and universities now will be able to.</p>
<p><a href=“2”>quote</a> The public moneys of the University of Washington and Washington State University in investment funds specified by the legislature may be invested as authorized by law.
[/quote]
</p>
<p>Oh no, being able to invest as authorized by law? The horror, the horror!</p>
<p>so you think she’ll run a think tank?</p>
<p>If billy can run one, she can too. Or better yet she could run u of washington or any other tree hugger university.</p>
<p>She’s probably smarter than billy.</p>