CNBC has made a living by asking controversial questions; then lining up so called experts with opposing views to debate the answers. More often than not, this little game gives off more heat than light. Take today's question, "Where is the market headed, Dow 9,000 or 11,000?," for example. It was inspired by a guest who appeared yesterday and said the market is going to go down, and the Dow is going to plunge to 5,000. Well, this is pretty scary stuff, so why not milk it?

Now guessing the market's direction is very interesting stuff, so I listened closely as Ms. Erin Burnett, Co-Anchor of Squawk on the Street, asked two guest money managers if the Dow could possibly fall to 5,000. The first expert said, "Of course, anything is possible, but he wasn't in the 5,000 camp." Nevertheless, he would not commit to where the Dow is headed. The second expert babbled something to the effect that his firm wasn't interested in short-term volatility and that investors should be using a 20-year time horizon to assess the market. He was implying, of course, that the market always goes higher over a 20-year time span. When Ms. Burnett pointed out to him, however, that the NASDAQ is still down 50% from its March 2000 high, he went off on another incomprehensible tangent. So where is the market heading?

I don't know, of course, but I do believe that Europe's bailout package which triggered Monday's explosive rally did not solve any problems. Moreover, it's naive to believe that the cause of May 6th's "Flash Crash" is unknown. Given these beliefs I am biased to the side of caution. Moreover, my old friend, who I wrote about last week and have come to trust and depend upon, is still in the C/Dn mode and is telling me that this week's bounce in stock prices is about to be toast. With the tools I have available with VectorVest, I really don't need to watch CNBC's Guessing Game.

A CALL TO USE COVERED CALLS.
As we continue to teach the Retirement Seminar, I have become more convinced that knowing how to sell Covered Calls is an essential part of insuring that you will meet your retirement goals and objectives. I didn't always look at selling Covered Calls this way. Years ago, I used to think it was just a good way to reduce risk and still achieve very acceptable rates of return. Now I see it as a sure-fire way of generating a steady stream of income. I have written many essays about Covered Calls over the years and we have made numerous "Strategy of the Week" presentations on the subject.

This week, Mr. Glenn Tompkins, Manager of Educational Services, will collect, organize and bring all this information together for us so that we may learn from it and enhance our investment performance. So join Mr. Tompkins at the VectorVest University to learn how you can reduce risk and generate considerable cash by answering "A Call to Use Covered Calls."