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Analog Devices, Inc. Message Board

  • johnson4730 johnson4730 Jan 15, 2013 12:27 PM Flag

    Fiscal Cliff Revisited

    "The Treasury Department is expected to hit its $16.4 trillion debt limit by mid-February or early March, the $1.2 trillion in "sequester" cuts are set to go into effect on March 1, and the "continuing resolution" that funds the federal government is set to expire on March 27."

    Debt limit is not so much of an issue as the 1.2T sequester that will occur on March 1. This will shut down the govt. and put everything on hold. Politicians cannot let that happen if they all want to be reelected in the coming years.

    By mid-Feb UVXY seems to me to be a good buy, but not until then.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yes. Agreed. When February rolls around, we should be getting a significant correction. Why the market is not pricing that in now is a mystery. I guess people have become jaded with all the bailouts and last minute crisis solutions...kicking the can down the road, as it were. They think the nanny state will protect them no matter what. So it's good that we have the "fiscal cliff" nonsense for our template. We know generally speaking what's coming, so we should be able to profit from it.

 
ADI
50.86+0.34(+0.67%)Jul 30 4:00 PMEDT

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