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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 10:09 am to
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 2/2/13 at 10:09 am to
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
Posted by Powerman
Member since Jan 2004
162295 posts
Posted on 2/2/13 at 10:52 am to
quote:


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

Can your family print money?
Posted by Projectpat
Houston, TX
Member since Sep 2011
10522 posts
Posted on 2/2/13 at 2:12 pm to
quote:

would I be a fool to go long UVXY right now as a hedge against my long positions


Whatever you do, avoid the VIX related ETFs/ETNs.
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