This week is a good time to take a little break from the market (it’s the holiday season and volatility usually slows to a crawl and edges a little higher – it’s called the Santa Claus rally). It is a great time to own calendar spreads or my favorite ETNs (ZIV and XIV, two equities that have nearly doubled in each of the last two years).
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If the market knocks you down, try laughing instead of crying –
Some Market Definitions:
CEO –Chief Embezzlement Officer.