None of it matters!!
I’m RICH!!
Got this in my email today!!
I’m going to get all that money back!!

Dear Friend ,

I am Mrs.Ruth Madoff, wife of bernard madoff.

I am actually going through some kind of difficult time with my family right
now, as my husband is at the Metropolitan Correctional Center, New York City.
My husband’s Sentencing is scheduled for June 16, 2009 and he is likely to
face a maximum sentence of 150 years in prison and $170 billion in
restitution, so there is need for me to move out alot of my personal funds
and personal belongings around the world , particularly from outside
america, but i need somebody to trust now, because i cannot receive funds
here in america right now.

I would need your help in acquiring some money and keeping some large cash
amount for me. but first i would prefer to hear from you relating to the
above proposal.

This is very urgent, i would have to entrust a large amount of money into
your hands and some personal valueables. But this would have to be very
confidential, just between me and you, because the press are after me and
my husband name all over the headlines, because of his Wall street business.

Anyway,don’t be scared about the risk, it is a very safe deal and we should
work to protect our interest.

Yours Sincerely
Mrs. Ruth Alpern Madoff
Email:a.madoffruth.1944@live.com

:)

The report was released in January. If you actioned on these stocks, you would have done very well already.

On the margin, they have been losing small amounts of market share to the “ankle biters” (F5, RVBD, FDRY/BRCD, ARUN etc. ) as Cisco’s technology is no longer first rate, and their customers know it, but this has been obscured by their brand, distribution, acquisitions and marketing prowess to grow which has created a “no one gets fired for buying Cisco” mentality among buyers. However, I believe there is a sizable (30%??) amount of customers that if given the option would abandoned Cisco for a alternate world class networking player, and it appears that HP is on the cusp of becoming one, as Cisco’s move into the data center server market has caused HP/EDS (and to a lesser but not insignificant extant IBM/IGS) to declare war on Cisco. Also, Huawei is growing by leaps and bounds and while in the past has for the most part not taken on Cisco head-on, most likely will be unavoidable over the next few years. So while Chambers believes Cisco can grow in the mid teens in a “normal economy” I think they will be lucky to grow at half that rate over the next five years. As the Chinese say, we live in interesting times.

Dow 3600 !!!!

No specific book on that subject.

My Rookie’s Guide to Options explains collars (+ 5 other strategies) in detail. But I did not include how to
insure entire portfolio.

But: if you are diversified, find an index that correlates well (SPX perhaps). With index near 930, buying one put and selling one call comes close to collaring a portfolio worth about $93,000. Obviously there’s correlation risk and the naked call is going to require steep margin. Choose strike prices that suit how much protection you need (buy the 85 to 90 put?) and sell a call – depending on how much cash you want to collect and how upside youa re willing to accept as a limit (96 to 100 call?)/

Very flexible strategy.
blog (at) mdwoptions (dot) com

“On close inspection, the Fed Model has nearly insane implications. For example, the model implies that stocks were not even 20% undervalued at the generational 1982 lows, when the P/E on the S&P 500 was less than 7. Stocks followed with 20% annual returns, not just for one year, not just for 10 years, but for 18 years. Interestingly, the Fed Model also identifies the market as about 20% undervalued in 1972, just before the S&P 500 fell by half. And though it’s not depicted in the above chart, if you go back even further in history, you’ll find that the Fed Model implies that stocks were about as “undervalued” as it says stocks are today – right before the 1929 crash.”

The P/E for 6/30/09 is a little bit of a hybrid…3/4 of it is trailing…one qtr, which is now 2/3 over, is forward. The traditional usage of “forward P/E ” are the next 12 months based purely on analyst estimates. There is ambiguity, but when I said “forward P/E for 6/30/09″, that should clear up the ambiguity by giving a date.

As for negative earnings effects, I really don’t see why I should eliminate them…as for the effect of interest rates, Hussman tries to debunk the “Fed Model” as a “statistical artifact”.

http://www.hussmanfunds.com/wmc/wmc070820.htm