UAW Futures

Go here for Ridholt'z Pyramid of Misery, a pretty funny bit which includes the bromide:"The Majority of U.S. households have NO credit card debt." And I thought I was the only one. You will also find that most people have paid off their mortgages. Pretty surprising. And he points out this one in Sunday's New York Times.....

if you managed to catch the exact low in December 1974, well, then, you would have had to accept an enormous level of volatility. That low was followed by a 75 percent rally, a 27 percent sell off, a 38 percent rally and a 24 percent sell off. But those are nominal numbers. Adjust the returns for inflation, and you actually lost about 75 percent of your money in real terms.

I think I'll invest in UAW futures.