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I don't disagree that the boomers have had a nice free ride with low taxes and high benefits. The difference is that the millennials seem to be leaning toward socialism and don't likely have the experience to understand how disruptive that will be.

Expect the trend toward socialism to continue. The millennials have been raised by helicopter parents and given participation medals all their lives. Your stuff will be their stuff soon.

Hillary is bought and paid for by Wall Street, so you can rest assure that Goldman and the banks will not be affected in ANY WAY with a FTT in her term(s). Anything she does will be passed squarely onto the retail guys like you and I.

Yes, you are a troll. No one is as blatantly ignorant as you are trying to sound.

toonerdy, thanks for the link. Here is another article that is worth a look.... http://ddnum.com/articles/leveragedETFs.php

Yes, gains compound so a 2x ETF can actually increase faster than 2x the Index if your timing is right. No, it's not bad to leverage a winning position. Yes, you would want to compound and hold your gains, while the trend continues. For example, if you had bought SSO (2x S&P etf), on April...

Could be that the bookies know it's likely that the vote will be rigged in favor of staying. The entire EU depends on it.

Ideal leverage for buying and holding the S&P is approximately 1.7x-2x. It all depends on your time frame and trading edge.

The mood for austerity has passed. It's go time for PM's IMO.

Here is a more recent, and short/quicker version of the first Lacy Hunt clip....

That's an old interview, but I'm a big fan of Lacy Hunt

Right, and lower yields = increased bond prices. Prices and yields have an inverse relationship.

As said previously, timing is everything. Here is AGQ (2x long silver). If you had bought on 9/1/2011 and held on, well...... let's just say you would be feeling some pain.

50% SPXL and 50% EDV (zero coupon treasury ETF), re-balanced quarterly since 4/1/09. Gives you a smoother ride..... Portfolio is up 598.8% vs 200.1% for SPY. Also, had a higher Sharpe and nearly identical max drawdown.

Green line is SPXL (3x S&P etf) vs SPY (blue line) dating back to April 1st, 2009, which is obviously cherry picked as it's within a few days of the market low. As you can see if your timing is right, the leveraged ETF can be amazing, and the decay is way overblown in the media.

Leveraged ETF's will only be effective if your timing is right, but like any type of leveraged investment, if you're off on your timing/direction it can get ugly quickly. The decay that many talk about has been over hyped IMO. There are a lot of badly constructed leveraged ETF's however...

When a story sounds too good to be true, it is. It's that simple.

CME can easily relocate if that happens and suck billions of $$ out of Chicago. It's not like the pits matter any more, so it's just a matter of setting up servers in an office in a less taxed/regulated state.

Absolutely, which is why social engineering with HUD will only serve to create a bunch of unintended consequences. The only certainty is that it will fail miserably to do what they're aiming for.

They studied the influx of section 8, low income people who moved from inner city Chicago to Dubuque, Iowa (and other cities in Iowa). It was a train wreck for the communities that participated.