ETF Covered Calls 04-23-2010

I’m getting that sinking feeling in the pit of my stomach about this market.  OIH has jumped to $135 and if it continues the ascent, the implication is that energy prices may spike.  Food prices are already spiking so it may be that inflation will wallop the market soon but not before  a burst of appreciation in my opinion.   For now I remain in cash and XHB is getting close to my break even point so I may cash out of that.

Here’s the google link.

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