http://www.cnbc.com/id/39404684 I'm just wondering what others think about how serious state debt is at the moment.
i'm very concerned about debt. the "x" factor is if they will be "allowed" to fail or not. California is the best example - they're horrendously leveraged and have had trouble finding financing. If a state will "blow up", it will be CA first. But then I have to ask, will the Federal gov't let them fail? If the gov't will prop up for-profit banks, why not state governments? Part of me wants to watch CA blow up since they can't learn to STOP F@#KING SPENDING to help balance the budget. They are exhausting any method to raise more money, but not once have they considered cutting spending. Idiots. In other news, Meredith Whitney used to be an analyst at the company I work for before she went rogue with her own research firm. :coolstorybro:
Hahaha I would seriously laugh out if CA went bust but the Fed with definitely bail them out. In your opinion do yout think she's a good analyst?
I think she's a very smart person, but she thinks higher of herself than what she really brings, if that makes sense. More importantly, she has a crack team of analysts that she took with her when she left, that are very good at what they do. Still, as they say, analysts make the worst advisors I prefer Carter Worth (a technical analyst/chartist). He's on CNBC every other day breaking down his technical analysis of chart movement. Easy to understand and really dumbs it down for even the most casual investor. He's big on the 150 day MA (instead of 50 and 200 like everyone else uses), and also has a great point on when the 7-day and the 21-day MA's cross as signals to buy & sell.
ok so i was a little premature about VXX. still own it, just underwater a tad. looking at UUP now though. and AAPL and IBM.... holy cow! does anyone feel confident those are going higher?
