Power and Greed

Okay, so we have now entered complete gridlock, and a nation totally divided, but not really, as most are not well informed enough to even know what our country does.
The market hit lows of 11.047 in morning trading, and highs of 11,246 by 3.15 p.m.. Obama spoke at 1 p.m., let everyone beat him up, and Bernanke again said we'll create more stimulus (sorely needed, and should have been when Obama was elected), and off the market went. And that didn't last long. Complete hesitancy by 3.30 p.m.

Our December call was a good buy at 13.90 with sales to 15.40. Many asked why we chose December calls and the higher risk November puts. We believe we will have faster chance of quick downside, and that this strike call could both be day traded, traded for tight profits, and held for longer term upside.

The market seemed stunned yesterday. Taking all the rhetoric in, facing emotions that all of else felt about "what we wanted," made the market, moving ahead of us, seem to "digest the news," whatever that news was.

Meg Whitman spent 160 million of her own money to win in California. What sadness. That money could have helped so many people, yet she chose POWER and GREED, and still lost her ass. It's the only real good news of the political day for me. I hope she regrets her excess, but as an oligarch, I doubt she even knows she did harm. What the heck, send her housekeeper back to Mexico, she was an illegal. The sadness is how much was spent in general to create false ads, or "fear ads," and what it accomplished, except the gridlock is reversed, and the Pee Party is "watching to keep the GOP moving right."

OMG.

And this is what we wrought:
SAD MEAL: McDonald's Workers Told They'll Only Get Raises, Benefits If Republicans Win
WASHINGTON -- There may be something rotten at McDonald's -- and it's not a year-old Happy Meal.
The owner of a franchise in Canton, Ohio... (read the article)

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Questions Traders Ask Floyd:

1. How long did it take you to learn the stock market?
I believe it takes 10,000 hours to truly learn a subject. I have been studying the market for over 30 years.
I believe it takes 90 to 120 days to paper trade OEX options "live" to even understand what will and can go wrong.

2. Do you believe option and stock trading will be viable over the next ten years?
I believe it will vastly change in scope, but be very profitable to the individual investor that knows WHAT to trade.

3. Do you believe we are successfully regulating the market makers against excess? And, how does this affect the daily trader?
I believe no one has listened to Paul Volker, who knows just what to do, and instead we "play around" with his suggestions because of lobbyists and the market makers.
It may take one more flash crash to awake the American people to the fact that unemployment is a by product of years ago, NOT now, and is secondary to making the stock market and thusly the economy healthy.