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iPath S&P 500 VIX ST Futures ETN Message Board

  • wes_w_weber wes_w_weber Dec 30, 2012 3:47 PM Flag

    You had to take a stand long ago. Cliff or No Cliff.

    I chose Cliff. We all knew in October this was going to over the metaphorical edge. Nothing will really change but it is a great distractor of more important things that get glossed over. The cliff was necessary to boost the US Dollar which in turn will allow for more stimulus and borrowing. This was set in motion a long time ago.

    I laughed how the market commentators regarded the sell bonds, sell stocks, sell gold mamtra and said, "nothing is working." Watch the US Dollar is my guess.

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    • Cliff deal late Monday is better than 50/50 despite the pessimism. They are closer than you think. GOP will go along with higher rates, so long as it is at $500k or above, a reasonable compromise.

      The real key is Obama. He wants to go over the cliff. he is stopping compromise. If Obama wanted a deal, it would have been done by now. Obama wants the cliff to happen. He thrives on chaos.

 
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