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Diogenes of Sinope

06/23/12 11:39 AM

#3890 RE: Globaltrnr #3889

I also have noticed the lack of news coverage on the plane downing from yesterday. Thanks for your post/thoughts about the depressing realities of the world at the moment. Think I'll go back to bed and hide under the covers now with my cash and shotgun at the ready!

GL!
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Headley Lamar

06/23/12 1:05 PM

#3893 RE: Globaltrnr #3889

Don't forget that China's housing market is about to collapse and that will dwarf the American housing collapse. My Uncle owns a metal recycling plant and he says it is like the faucet was just shut off in China. He was selling a few thousand tons of steel a week to China and he has literally had to stop accepting newly recycled steel because demand from China has stopped in its tracks.

Also, don't forget that Egypt is on the brink of anarchy again.

Oh yeah, France just went majority Socialist and Hollande and Mirkel are swapping jabs that have been known to start wars in prior history. Proves that a unified solution to the Euro zone crisis is highly unlikely. My bet is Germany is the first country to leave the Euro and it happens within the next 24 months.

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Mierman1313

06/24/12 11:03 PM

#3907 RE: Globaltrnr #3889

CS is diluting, cause this is a cashcow to them. If you compare with any indeces, comparable ETF's & ETN's there are, then you must conclude that it doesn't make any sense that TVIX is sitting at $5.51. It should have been around $15. It is not just TVIX, but also VXX, UVXY, etc... So, perhaps it is true what they say: stay away from ETN's (and ETF's). There is some sort of logic behind its course, but the main direction is: DOWN! Reverse split is due!