I posted this 2 months ago (March 23rd):
The housing market is in it "pronounced" 4th round of recovery, without recovery in sight - will cause concern - a slower than anyone expected recovery. in the "Fool me Once, shame on you - Fool me Twice Shame on me" category - employment will begin to selectively get better - except people will start paying down more debt (a form of savings) and will begin real "Hoarding" another form of savings.)
During the time in a lower range I will be purchasing 2011 Call options in the following companies and ETF's
I currently hold long-term a large # of shares in PWE
I have a 20% hedge position in PWE "Puts"
I will be increasing this position hedge position to 50%
PWE is both an oil play a fairly large dividend play
I currently hold long term calls in GE, INTC and some gambling positions in XTXI (stock) and Clearwire (Call options)
PS. Yesterday, I heard an interview by Larry Kudlow with former Vice President Cheney - Dead Men Talking!