Portfolio is in the red for the month. But it's times like this where I like to position my portfolio. I have a large position in FTR and ANGC in both my personal account and in my Covestor account. Although the market has been down for the past 2 weeks, it'll go back up. In fact I'm getting more bullish as I except a short term bounce in the next 2 weeks. Also bought some options for Ftr when it was at 6.80. Aug 20 call. Strike price at 7.
There wasn't much of rally as the debt ceiling got raised again, but i guess everyone was expecting it anyways. Going on a slight rant here... Congress needs to stop fooling around. Took them way too long to reach a deal with the debt ceiling. Its a routine thing. During the Bush Administration it was raised 7 times without all the drama. Wrong time to threaten and bluff GOP. Showed the world our politicians are childish and inefficient. Not just blaming the Republicans, blaming all our idiots in congress. This shit is so stupid it could go on MTV, right after 16 and pregnant and Jersey Shore. Yeah they should make a reality show of congress and the bullshit they do.
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