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it's sad none of you get it....our markets are ONLY being propped up by the FED's money printing!!!The day is coming VERY soon where the rest of the world will no longer stand for the COUNTERFEITING and REJECT the USD. Gonna be fun watching all the sheep head for the gate at once.
People have been saying this since Dow 10,700. They'll be saying it at Dow 20,000, 30,000, etc. There will not be a serious correction in our lifetimes. Even if there is a minor 5% drop, which seems impossible, VXX will decline from contango.
As of 2011, countries like India, Iran, Russia, and China are now trading for oil in other currencies/gold than the USD. That would have been unheard of a few years ago.8 trillion in worldwide debt has to be rolled over later this year...who is going to buy it?Municipalities are starting to file for bankruptcy.46 million people are now on foodstamps....quadrupling over a few years ago.Total unemployment...including long term unemployment...is around 20%. All you have to do is look at the charts of these and others and you'll see they look like hockey sticks to the moon. The day of reckoning will come...as it did for Germany...who thought just like you...http://www.history.ucsb.edu/faculty/marcuse/classes/33d/projects/1920s/Econ20s.htm
so jermaine thinks never backwardation again!bwwwwwwwwwwaaaaaaaahahahahaaaaaahaha hahaa!!!fool.