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Each bull market has its unique way of demonstrating enthusiasm for stocks. In the late 1920s, it was stock market chatter at the local barbershop that was an indication of stock market excesses. In the 1990s, The Beardstown Ladies, an Illinois-based investment club filled with seniors, graced the covers of news publications.What about this bull market? It appears it is jock stock pickers. Lenny Dykstra, of the 1986 New York Mets World Series championship team, writes for the TheStreet.com in its News & Analysis section. What does Lenny write about? The buying and selling of options on semiconductor and related stocks. Wow! That's not too risky.
It is time to take all those MBA diplomas and throw them out the window. Forget Graham & Dodd and the Efficient Market Hypothesis, go out and sell naked puts with Lenny Dykstra.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Reader Comments (Page 1 of 1)
5-31-2007 @ 4:21PM
Michael Schneider said...
You could buy naked puts with Lenny Dykstra or you could buy big caps and blue chips with Warren Buffett.
Another option is to sign up for the free Barrel View newsletter at http://www.Barrelomoney.com. In the last mailing I said 3 stocks were likely to go up this week and all 3 rose on good news.
Of course the market has performed well esp. in light of the China news yesterday. The US market doesn't look all that frothy although it may be due for a rest- yet we are now out of what is often a difficult May period. Another sign is that Joe Granville is out calling the market top-- that could mean we have further to go.