"United States will go into default without action by Aug. 2"http://finance.yahoo.com/news/Ahead-of-new-debt-talks-apf-1875227200.html?x=0&sec=topStories&pos=main&asset=&ccode=i dont think they agree to anything by aug 2. trouble ahead for TLT and UUP
you are idiot. USA will default and EU too. Better TLT will be $120.
If US defaults why would TLT go to 120? That's just nonsense.
The worst case scenario is more than fully discounted in the huge undervaluation of TLT and UUP.