The last and final chapter of this series. Instead, a stark wind whips itself around the bare trees, rattling the branches and sending chills straight through my bones. Despite my maddened rush to the bus stop, vague directions shouted at a highly confused cab driver, and poor Sam leading me in literal circles along a hillside, the hands on my watch informed me I was still about half an hour early. But here I am now, fussing with my hair as the wind relentlessly knots it into tangles. I check my watch for the upteenth time; twenty three minutes left. Sam gives a low whine as the wind continued to climb in its ferocity, and I jump when a sharp crack splits the white noise behind us as a dead tree branch crashes to the ground. I pull him into my side, unzipping my jacket so he can snuggle close in the bitter chill. Sam wines again, and I realize that my gentle stroking of his fur has turned into a clenched fist. I quickly let go and kiss the side of his face with a muttered apology.
The Whipping Post
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Aries: Sometimes you just have to let things go. Let people walk away from you, as much as it feels like their ripping part of you out with them. You only need yourself and a pair of eyes. I know it feels that way. But you are not trapped in this hell. You will get out.
While I would argue that options can be effectively deployed during a variety of market conditions, they can be especially useful during periods when markets appear range-bound. These periods of market consolidation may be the perfect time for investors to overcome their fear of options. Investors who are generally constructive on stocks, but feel that the markets may churn for some time, should look for prudent ways to express their cautiously optimistic view toward equity markets. One approach may be to make deliberate trade-offs between upside participation and downside exposure through the use of covered calls. A covered call is the combination of a long equity position and a short call position on the same underlying security. The covered call writer is selling away potential upside beyond the level at which the short call is sold in exchange for a premium which is received upfront. This premium not only increases the yield on the equity position, but may also provide a cushion against declines in the underlying security. These two features make a covered call strategy effective at reducing volatility and potentially enhancing returns. In general, a covered call strategy tends to outperform outright equity ownership in flat, slightly down, and slightly up markets. There are other ways to express a mildly bullish view using options when markets are range bound.
External image. His voice just claimed a piece of my soul. Really cool version of Whipping post, recorded in and eventually was released in on a record called Searching for simplicity. Some great musicians, including Derek Trucks, who plays some sweet slide guitar. Just the videos are giving me heart palpitations. The whipping post was a real device not that long ago. It was used on both whites and blacks as a sentence dealt out from court. I am glad to see it gone from public squares. The public humiliation was far worse than the beating.