
Great Videos on a much needed subject. Thank you for making this available. It is greatly appreciated.
My pleasure Michelle…now help me spread the word and get this out to everyone before the thread breaks.
I did watch both of your videos yesterday, great presentation. Even for the novice investor you kept it short and sweet. “Puts 101″ if you will.
I have indeed sent your videos out to everyone I know. It should come as no surprise that most of the responses I have received deal with protecting Mutual Funds/401k’s. I have tried to explain as best as I can…some people are just scared to death of options! But it helps to use your wording…framing it as ‘insurance’.
The one common denominator that I am seeing is FEAR. People are scared Jeff…very scared. I’m in agreement with you…I think the market is heading south and I have used your guidance to protect myself. The average ‘guy on the street’ is going to get crushed.
Keep up the good work my friend and keep those videos coming. I study them like a college textbook.
Hey Marty,
Thanks for spreading the word about this.
Here are a few thoughts on FEAR.
Neither Fear nor Panic are strategies for success in any area of life. Getting a Proper education will part the clouds of uncertainty… and separate the Victors from the Victims.
Unfortunately, only 1% of investors that have exposure in the Market, will take the necessary steps to get the proper education that will enable them to profit from an ugly economy.
Hopefully, we won’t see another 2008… but if we do, YOU my friend, have taken the necessary steps to protect Your Financial House from Burning to the Ground.
That’s my hope for every person who reads this post. Become unshakable, unmoving, and unwavering…. no matter what tomorrow brings… because you have prepared yourself to be the Victor if this market melts down.
I wish you all the best,
Jeffrey Z
Hi Jeff
I’ve been a member of the All Stars site now for about 4 months and learnt heaps. It is indeed Credit Spreads made simple. Being very cautious and conservative in trading it suits my style just right.
I am not too sure about the market collapsing. Sure, the fundamentals stink but the market is driven by human sentiment and most of the Moms and Dads have long since gotten out. All that’s left are the big boys and they will manipulate the market to their own advantage. Maybe not following the crowd (popular opinion)could just be the way to go.
Dear Jeff:
I took your course last winter and quite enjoyed it. I have been a trader off and on for 30 years but spread trading was something I knew nothing about — only that it existed. You fixed that for me with great teaching skills, patience and marvelous insight. Now onto the reason I am writing.
I really got a lot out of the Tony Robbins tape — I have been short the NDX since June (many puts due to expire in Oct and Jan’11.)
Your tape on Tony Robbins clinched me decision on the market. Or course I use a lot of other indicators but it was the Robbins reasoning that did it for me. I also like your indicator on the ESCRI — You are a man who is at the top of his game.
Thanks for being there!
Erik
Hi Jeff,
Finally more people are talking about it ….as you know this is nothing new, just read -Rich Dad’s Prophecy-.
Thx for the great PA coaching videos of the last couple of weeks by the way ;D
Hi jeff just wanted to bring your attention to report i saw on thestreet.com, it talks about the Hindenburg Omen
http://www.thestreet.com/story/10835851/1/hindenburg-omen-is-a-stock-market-crash-imminent.html
Invaluable information! Thanks so much! I was reading recently about implementing an S&P Collar where a call option is purchased for the same month as the put to cover the cost without coming out of pocket. I’m sure you are aware of this so I’m sure there is a good reason not to use this technique. Could you comment on this please?
Hello Rebecca,
Don’t you mean sell a call to bring in enough premium to offset the expense of purchasing the put option. If so, you have unlimited exposure to the upside if the Market moves against you.
JZ
Yes – I did mean to say “a call is sold” to offset the expense. Sorry for the faux pas. And I understand what you are saying about the upside unlimited exposure risk. It’s not worth it! Thanks for your reply. I pray all the best for you and your family.
Great video. Exactly how I’ve felt for months but could’ve not come up with the right words…..Of course Tony Robbins “nails it”. Thank You Jeff!!!
Makes more sense than the money pundits on TV.
Hey Jeff, This was a great reality check for me, thanks for posting. I hope you’ll follow up on your membership site with a refresher on protective strategies.
When you have a wealth of knowledge scattered in your brian sometimes seeing a clear path means using your time given to give. Thanks for sharing your knowledge!
Thanks for the valuable things you bring to us! Are the optimists crying out that there will be no double dip wrong? It sure looks that way. I believe credit spread trading, done the right way, can be one of those valuable tools Tony was talking about! Maybe one of only a few available to the masses.
Jeff,
Thanks for the video – it certainly does sum up what we’ve been looking at in the membership site.
It’s a great feeling to be able to look ahead with confidence instead of fear, knowing that I’m positioned to do just fine if and when this downturn comes.
Thanks so much for all you do!
Best Regards,
Bill
Jeff,
In case you didn’t see this piece with Kyle Bass, it’s a must see (the second video is outstanding). He saves the best line for last: Q: “are you as negative now as you were in 2008?” A: “I’ll answer that with a question: how many problems have you solved by kicking them down the road?”
The 1st thing that came to mind after reading the letter was to look at every time some sort of debacle happens.Where does the whole world run to ? The Dollar everytime. Steve Gutshall
They are destroying this country in more was than this.
It is not only the Fed and the US government destroying the dollar it is also the CEOs and high paid management and traders of the banks and investment banks that are also doing a number on the dollar. Part of it depends on how the high compensation and bonus are handled-whether they are put to work in the capital markets or are the funds put into Swiss bank accounts, gold, or land. What I am trying to say with some difficulty is that if the high compensation of CEOs was funneled back down the production chain in reduced unit cost then goods would be cheaper for the masses or the labor unit cost for the working people could be increased which would create more demand on the lower end of society. In ways the high compensation of CEOs should really create a deflation situation whereby liquidity is taken from the middle to lower classes and concentrated in the hands of the few(this is I would think happening now);however on the other side of the coin the liquidity of the world is concentrated in a few hands with the middle class(what is left of them) and the lower class supported by a government that printing money to provide the support which gets funneled to the rich which do not need it and then it depends on what they do with that liquidity. I can see a case for both inflation and deflation-can the rich with all the liquidity provide inflation, they are a minority-can the middle and lower classes provide the fuel to drive inflation??? What happens when crude oil hits $150 per barrel again with about 18% of the US working population on the government dole(like why do we need to drive) and yet there is all that money created and what does it really mean if we have no wage increases and continual unemployment. I am lost on this whole mess and I do not understand the current valuation of the stock market in relation to the value of resdentail and commercial real estate, high unemployment, high US debt levels, and a number of cities and states next to defaulting on their bonds-beats me.
I spent the last 6 months of 2009 researching what is really going on. I have awesome sources. I found the person who first made it clear to anyone who would listen what is going to happen. The dollar will be devalued and this is a planned event. By the way, the whole sub-prime mess is a planned event. The people running the show on this Earth have a goal of removing the U.S. middle class by destroying their wealth. When I attempt to share this info with people, they have no interest in knowing what is going on. My leading Global Economic Cycle Info Source says: “people are sleep walking into the future”.
jeff, right around new years i believe i recall you saying that you were going to try and learn how to trade forex. any progress on that? i tried to self teach myself without much success.
I know of several other analysts making the same prediction – bigger question may not be IF this happens, but WHEN??
You are all welcome in Greece.Our Financial Status here is at its Best Shape…
How things change.