This book consists of four volumes: Vol 1 OEX Weekly Trading Tips for Profit from 2008 to 2009 Vol 2 Jon Schiller's OEX Options Trading Newsletters from Oct 1999 to Aug 2000 Vol 3 Jon Schiller's OEX Options Trading Newsletters from Sept 2000 to Dec 2000 Vol 4 Jon Schiller's OEX Options Trading Newsletters from Jan 2001 to June 2001
This is the story of a successful aerospace executive and his family. The family includes the executive, his wife, his 5 children, both parents of the executive and his wife, the 2 brothers of the wife, and the one brother of the executive. The children's spouses are listed, and the 13 grandchildren and spouses are listed. The 3 great grandchildren are listed. Any special awards or trophies awarded to family members are listed in an Appendix. For historical interest famous people with the family name are listed in a second Appendix. Jon Schiller became interested in this family when he met the husband and wife on a trip to Spain. He kept in touch with the key family members when they returned to California in the first few years of the 21st Century.
We are undergoing a period of rapid change in technology. I decided to write this book giving a perspective on where we are today and how we evolved to reach today's level of advanced technology. One example of what I mean is small home and lap top computers with more power than a room sized IBM computer at Caltech when I went there. Another example is Microsoft Word which makes it possible to write this and other books I have published. Excel makes it possible to create sophisticated Options Trading Software without struggling to use program languages such as Basic. PowerPoint allows me to make briefings using eye-catching colored briefing charts with equations and charts copied from Word and Excel. A third example is Internet which allows me do things on my home computer such as get up-to-date financial news of the US and the World. I can get Options quotes free from the CBOE website. I can send files for the books I write to the publisher by uploading on Internet. The last item I will mention is the class of low cost items made possible by nano-electronics such as Cellphones and Tablet Computers
The attempts for the Current Administration to get their programs enacted through Congress or by Administrative Directives for items they consider important enough to be enforced when Congress will not approve the item lead to great instability in the Stock Market. It is now simple to see on Internet the Washington DC machinations between the President and the Republican House of Representatives Chairman. I (your author) lived in Spain for 20 years before returning to California. In Spain I leaned to trade Index Options from a NY expert whose strategy was to sell Call Options 2 standard deviations (2sig) above the market and sell Put Options 2 sig below the market. After returning to California I continued Index options trading using Standard & Poor's 500 (SPX) Index and using Condors. Being an Options Trader using the CBOE (Chicago Board of Exchange), I find the inability in Washington to avoid the automatic spending cuts made Wall Street nervous which affected the weekly options prices. As a result I have had to learn to use my Options Trading Software: SelfAdapSPXWeeklyVLTY to make profits during this period of Washington-caused Wall Street nervousness. What does the nervousness do to the Index values? They make either big weekly Jumps or Drops. I use the SPX index for my weekly options trading. I use the Welles-Wilder Index to predict the abnormal market movements as will be explained in this book. So I am able to profit from trading Weekly Index Options even when the machinations of the Washington Politicians cause instability or abnormal movements in the Indices. I have devised tactics to use and in this book I will explain how to use them in my Weekly Options trading software.
In mid 2011 the US finds it has a huge multitrillion dollar public deficit. This deficit grew to a level approaching the Gross Domestic Product which relatively speaking was challenging the debt reached during WWII when the debt exceeded the GDP. As I attempted to quantify in this book, the huge increase in public debt was caused by two very long wars: the Iraq war and the Afghanistan war, which was the longest war the US has ever waged. In 2008 the US economy entered into the deepest recession it has seen since the depression starting in October 1929 and lasting until WWII (1941). This 21st century recession caused revenues to diminish greatly. Huge bail out programs were necessary to save large US banks and manufacturing companies. Also the USG made expenditures to help that segment of the population most affected by the recession such as the unemployed and Senior citizens needing health care to stay alive. These factors caused the Public Debt to mushroom to the large size the US congress and administration in Washington worked so long to try to reduce. Their perceived lack of problem solving skills caused uncertainty in the financial markets which resulted in huge plunges in the stock market and the downgrading by one credit rating agency (S&P) to reduce the US's rating from AAA to AA+. This event resulted in a huge sell-off in the stock market and a big rise in the cost of Federal Bonds. This book attempts to present the happenings in a logical fashion so the reader can understand the severe strain it placed on the American citizens and financial system. The political struggle over raising the debt limit will intensify as the new 12 man Super Committee takes on the challenge of lowering the public debt. While polls show voters angry over the debt, and politicians support a goal of paying it down, the two principal deficit-reduction plans would merely restrain its growth for the next decade. Congress "would have to enact policies that would produce a surplus," with money left over to begin retiring debt, said Robert Bixby, executive director of the anti-deficit Concord Coalition. The last government surplus was in 2001. For one to occur in the future would require "Republican spending policies and Democratic tax policies," Bixby said, referring to GOP calls for deep program cuts, and Obama's support for higher taxes. "Right now (before the debt crisis) the two parties haven't been able to agree on those kinds of changes." The increase in debt woven into their budgets is not a fact that Obama Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee, or any other official chooses to trumpet. The president and most lawmakers generally avoid saying directly that government debt will rise if their budget prevails - although they are careful not to claim it won't, either. Instead, they use similar, vaguely reassuring terms
Osama bin Laden, the face of global terrorism and architect of the September 11, 2001, attacks, was killed in a firefight with elite American forces on Monday (1 May 2011 Pakistani time which was 2 May 2011 Washington, DC, time), then quickly buried at sea in a stunning finale to a furtive decade on the run. Long believed to be hiding in caves, bin Laden was tracked down in a costly, custom-built hideout not far from a Pakistani military academy. The stunning news of his death prompted relief and euphoria outside the White House and around the globe, yet also fears of terrorist reprisals against the United States and its allies. "Justice has been done," President Barack Obama said in a dramatic announcement at the White House. The military operation took mere minutes, and there were no U.S. casualties. U.S. helicopters ferried troops from Navy SEAL Team Six, a top military counter-terrorism unit, into the compound identified by the CIA as bin Laden's hideout - and back out again in less than 40 minutes. Bin Laden was shot in the head, officials said, after he and his bodyguards resisted the assault. Three adult males were also killed in the raid, including one of bin Laden's sons, whom officials did not name. One of bin Laden's sons, Hamza, is a senior member of al-Qaeda. U.S. officials also said one woman was killed when she was used as a shield by a male combatant, and two other women were injured. The U.S. official who disclosed the burial at sea said it would have been difficult to find a country willing to accept the remains. Obama said the remains had been handled in accordance with Islamic custom, which requires speedy burial.
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