"Work smart-not hard". ONE RETIRED PRO'S VIEW OF THE STOCK MARKET. Speculation is all about anticipating changes. Stocks/options mentioned here are traded real-time with pos. size $75,000 - 150,000 per trade. Performance: 2004 +38.54%;2005 +22.34%; 3/06 +7.94%YTD---- Benchmark : SPX +3.58%YTD ---- MSCI HedgeFund:4.03%YTD