This guy obviously thought I was my uncle and apparently they were playmates. Realizing this I calmed down and as I turned to face him I said in my girliest voice "I'm afraid I'm not the Peep you are looking for." The man was my uncles next door neighbor Hal. I had met him once years ago. He was a widower in his forties who worked from home. He was about 6 feet tall and about 180. He had brown short hair and no facial hair and was built pretty well. I thought he was going to pass out. He was more shocked than I was. "I'm Jim's nephew Dave. He's out of town and I'm watching the dogs for him." "I didn't know he was gone." "Yes he had to leave suddenly, his cousin is real sick and he went to New Mexico to visit him." "I see you found his fun clothes. Let me say that you look better in them than he does." "Thanks, Hal is it? So you and my uncle are play friends?" "Well, yes. We get together a few times a week. You ever play with other men?" "Yes, maybe I can fill in for uncle Jim if you. " I can sell this, and I think that buying "Put Options" is the right way to go. There's one thing that you didn't mention." What's that?" If the market crashes and we make a hundred billion dollars, then we preserve that capital. If we don't make the investments, it's lost." I understand the words, but explain what you mean."She said, "If I bought a thousand shares of IBM at a hundred, then I just spent a hundred thousand dollars. If the stock climbed to a hundred and ten then on paper, I made ten thousand dollars on my thousand shares. The total value is now a hundred and ten thousand." You haven't lost me yet, and you've pretty eyes like your mom." Thanks. Let's say that the stock corrects back to a hundred. The total value goes back to a hundred thousand and the paper difference of ten thousand is lost. If you had shorted that stock or bought puts on the stock, then as I lost the ten thousand, you made ten thousand. Therefore, as a whole, the economy still has that ten thousand.
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