Yup. Any time a company uses debt to buy back shares (and there's a record level of it happening at the moment) that's a sign that any market downturn could be magnified for those companies. There is a record high amount of margin investing happening in the US, despite the world's billionaires holding nearly $1.7 trillion in uninvested cash as of August 2016...probably a bit less now that markets are extremely bullish, but somehow - and I'm still trying to wrap my head around this - the VIX (Volatility Index published by the Chicago Board Options Exchange) is at a decade-long low....which is a total mindfuck because many of the largest companies and index funds are at or near their all-time highs.

Our beloved USGL investment is "blooming" at a time when US markets are seeing record-high bullish growth, paired with record-low volatility (i.e. market stability). It's quite amazing. The current market climate for USGL to launch revenue flights is just extraordinary.