short ZZZ & GGG trade has not been a ver good one for me eiher. In spite of it, I received a surprise this mornng when I reconcilled o the equity run - my margin ha actually been climbng because the calendar spreads and my T-Bond Portfolio Management Program is more than off-setting the body slam being dished out by the short ZZZs and GGGs. In devloping My T-Bond Potoliio Mangement Program I took a page out of the automobile insurance business model - I buy 30-year T-Bond because they pay a dependable inteest rate as time passes and I sell T-Bond options that decay away as time passes. The only constant in the market place that I can always depend on is the fact that time passes.

There were two things I had on my bucket list: I wanted to live longer than my wife so she would not be burdened with putting me away and I wanted to be able to keep her in her home that she had loved and enjoyed for many years. Last year I was able to check off both of them. We had been married for more than sixty-years. Now my list is very short.

I, like you and ITZ, have many things that I am thankful for and the computer that makes possible trading and having cyber-friends if high on the list. I had an older brother and he was expounding on retirement to me once and said, " A good retirement consists of four things: 1. Good Health 2. Freedom from financial worry 3. A social/emotional support group and 4. SOMETHING TO DO."

Using that as a gauge, I mostly have a good retirement for which I am grateful.

Best wishes,

dhm