DOW 5,000 CALL -- Market Strategist David Hefty Warns With $17 Trillion Of Leverage In The System, Margin Calls To Hedge Funds Could Trigger Panic (WATCH)

Video: David Hefty on CNBC -- May 17, 2010 

•  “The Dow 5,000 piece is very likely—that’s not even the extreme low.  It only takes a few hedge funds to get that margin call."

• "When they start to sell—and the fact that everyone’s on pins and needles—that’s where the freefall starts to take place, like oil back in 2008."

• "When you look at the fact that we have $17 trillion of leverage inside the financial system and when you look at debt around the world, our financial system has more debt than anything else."

• "We are in the eleventh year of a secular bear market and still trying to deleverage “the big bubble” that started in 1994."

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UPDATE:  We've added a second clip from David Hefty from May 13.

Video:  Purdue graduate David Hefty on CNBC -- May 13, 2010

CNBC Story  >>

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(Screenshot)

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[JTS]

Mexico's Calderon urges US to curb drug demand LOL yep and i wont drink any more. OR LESS
Not to worry the fast food chains will lobby against this since everybody who is stoned eats the crap.LOL
Make weed legal and tax it.Oh thats right we cant to many on the pay roll in hi places.