yukes.com >> Lazy Jay

Some of the smartest people I know recently invested in a private placement for a software intelligence startup.  I’m ready to follow them into it blind.

But this is a really funky market right now… Dow down 427 today, closes below 8000 for the first time in years.  Google traded as high as 750, now its 280.  Glad I no longer hold it!  And it seems a hell of a lot cheaper now, but is it really that cheap?  Advertizing growth is just up a few points year over year, and GOOG still getting P/E of 17 in a fucked up market.

I had a meeting with Kevin of XY7.com yesterday.  He’s very intelligent, and talks faster than I do! They have beautiful offices in Las Vegas.  And he told me how he’s scooping up houses in foreclosure, doing short sales and grabbing them for 60-70% off.  Houses that will rent and pay themselves off inside of 5 years.

My buddy invests in options.  Selling naked puts and calls, hedging his moves up and down.  Stock market volatility index at all time highs, he’s making cash.

For those that have cash, there’s all sorts of things to think about…
So tell me this, what are you investing in right now?