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re: Can someone explain how the DOW is at 14,000 yet the Sky is falling
Posted on 2/2/13 at 9:57 am to ThaBigFella
Posted on 2/2/13 at 9:57 am to ThaBigFella
Historically the market always roars back before the economy. If history is any indicator, 2013 could be the start of something good.
Posted on 2/2/13 at 10:09 am to I Love Bama
i love bama always read your posts, your a very insightful guy and I just want more info from you bc Im so lost...how is a good thing on the horizon when this is on the horizon....saw this on another forum and thought Id use it here
Lesson#1
*U.S Tax revenue: $2,170,000,000,000
*Fed Budget:$3,820,000,000,000
*New Debt: $1,650,000,000,000
*National debt: $14,271,000,000,000
*Recent budget cuts: $38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget:
*Annual family income: $21,700
*Money the family spent: $38,200
*New debt on the credit card: $16,500
*Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38,50
I guess maybe its bc im a small business owner and I see things like this as being quite serious...I dont know...just confused about this huge rally, would I be a fool to go long UVXY right now as a hedge against my long positions
Lesson#1
*U.S Tax revenue: $2,170,000,000,000
*Fed Budget:$3,820,000,000,000
*New Debt: $1,650,000,000,000
*National debt: $14,271,000,000,000
*Recent budget cuts: $38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget:
*Annual family income: $21,700
*Money the family spent: $38,200
*New debt on the credit card: $16,500
*Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38,50
I guess maybe its bc im a small business owner and I see things like this as being quite serious...I dont know...just confused about this huge rally, would I be a fool to go long UVXY right now as a hedge against my long positions
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