Whats On Bill's Mind

"When the facts change, I change my mind. What do you do, sir?" - John Maynard Keynes

Major stock indexes have never been higher - and yet that's NOT scaring people. The rally has slowed and in the last eight trading days, the S&P 500 (SPY) has managed a daily gain of more than 0.5 percent just once.

The big thing next week is going to be the Fed meeting as budget negotiations take place I for one believe that they will break down once again.  Back in 2007, 2008 before the crash, stocks are cheaper than they were at the time of the last high, and at the same time, alternative assets like bonds are much more expensive. The market's gains this year have come on accommodative monetary policy from the Federal Reserve and strong corporate results, two factors that investors don't see going away any time soon.  The Federal Reserve's interest-rate-setting committee meets next week. The Fed is expected to continue on its current path.

Recent data - ranging from retail sales and manufacturing to employment - has shown the economy is picking up some momentum. But the high U.S. unemployment rate of 7.7 percent gives the policy committee room to keep buying $85 billion a month in bonds to keep interest rates low.

Last week again was a pretty easy week for Slow Money Option Traders.  Once again I did a live broadcast to show setup and actual trades.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 2 trade recommendations on Thursday.  The AAPL trade 8 cents credit on the CALL and .15 cent credit on the PUT. 

I like consistency.   Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.