Moneyness

The term moneyness describes the relationship between  the price of an option vs. an underlying security.

We have said for sometime if R was in the race the equity market would have a bid. The stock market is clearly discounting a republican victory and change of control.

This would more likely than not suggest a sell on the news event.......stocks, bonds and gold.....if the status quo was allowed.. gold would rise to new highs and the debasement of all currencies would careen out of control.

The ROW simply has to hold its breath and smolder.....from a lack of leadership from America.....and it is.

The funny looking professor now turned expert on nothing says interest rates will be zero until 2015....that means the bottom is in....because that is an impossible statement. Real estate is moving higher as we have discussed..a positive....hard assets

We have read:

"What it takes to be an expert at anything"......a) Have grit b) Find a great mentor c) Focus on improvement d) Get fast feedback   we agree

Did you know Brooks Brothers got its start dressing military uniforms in 1835?

"Don't judge each day by the harvest you reap, but by the seeds". We say...always be planting something new.

"The first method for estimating the intelligence of a ruler is to look at the men he has around him" Hummmmmmm

Fear and greed are stronger than long term resolve. Guilty dogs will always bark first.....LOL...and they are barking like never before.

Martin Armstrong says, "1) Gold is the money of Kings 2) Silver is the money of the working class 3) Barter is the money of peasants, but 4) Debt is the money of slaves.

Which do you want to be........understand moneyness now more than ever!

Danny Boy seen here watching the left.