I don't own a home, but I certainly play the different markets. I've had some DOW futures contracts that I had short, and they paid well this week. I've been hedgeing that general bet with long plays in some DOW blue-chips like GE, KFT, JNJ, MCD, etc. The P/E ratio is phenomenal on many of these blue-chips...But I have no idea where bottom is...So I've been slowly buying in during the past few weeks to reduce my exposure. Still, I like the VERY long prospects on many of these companies...After all, 100 shares of MCD bought back in the 1960's for $2,250 would be worth $4.6 million today after all the splits and dividend-reinvests. I'm not sure what the DOW will do next week...I'm suspicious of a bear trap, so I'm reducing my short exposure towards long...
But damn, I've had some metal plays which have payed off handsomely. Roughly 17% gains in just a few months of metal positions. Not bad given the direction of stocks these days...
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