If you write a call a year out then if it falls you get some premium. He would cut a position in this in half at this point. Crude oil prices belong in the low to mid-$90s for the next year. Thinks oil will correct to this point and so SU could fall 10%.

Could be part of most people’s portfolios. What the government does to tapering could have a lot of impact on yield plays. Add to this on weakness and sell on strength.

There is a risk with what is happening in Russian with the potash space. Analysts are not sure where prices will be a year from now. In the next 20 years there will be another 20 billion on the planet so owning stocks like this when they have corrected makes a lot of sense. Nibble at it now.

Double bear ETF for crude oil. Price of oil is already starting to break down. This is a reasonable trade. If we get back to $105 then something has changed with oil.

Rising rates are much more favorable to insurance than to the banks. A lot of that is already built into the price of insurance companies. There is probably a little more to go.

It is developing another support base. If it breaks ($55 range) then it is breaking down in a big, big way. If we get through the recent highs then we will run up to the 52 week high. If the support holds then he would step into it.

Japan had a great run this year. But he thinks they have some serious problems. Aging demographic. Weakening their currency is going to help and this is why they have done so well, but thinks it won’t be repeated in the next couple of years. If we saw a pullback of 15-20% he would get interested.