From Marketwatch Making the case for a summer correction by Michael A. Gayed
Recommended reading IMO, an in depth analytical article. It concludes with the long-awaited correction may finally come in the months ahead, hitting in the summer with the same kind of surprise as the Summer Crash of 2011.
Somebody txt me please, if the market crash everybody here wants to see, happens today, or if CS announces the inevitable reverse split. (WoW TVIX at 90c ~ what a bargain!)
Haha. Yeah, very busy thread lol. I've been in/out of TVIX since last April, but my 2015 purchases were a disaster. Expensive tuition I guess. I enjoy the commentary here and over on the UVXY board the past year. Good luck to you too.
Warren Buffet hasn't got anything on these guys. Short term trading at its finest, Ultimate Stock Alerts (do a Google search for them)
This is a great find, I have been doing a much better job finding stocks that have big gains since I started following this free newsletter.
Hi Buzz... the article talks about a 3.5%~4% rate hike over the next 4 years. But the fact is, FED will raise just a few basis points on the first round, and that might not even happen this year. By the time rates are at 3%+ TVIX will have split twice (or more).
"Who knows what this directionless market will do and when." ~ within normal parameters, it doesn't matter how the market turns. TVIX is engineered so it will always retrace to zero then split. So yes, shorting TVIX is the always most prudent approach, at 90c, at 80c at 50c....
Jeff, I never held TVIX for more than a day, but overall lost my fair share trying to guess bottoms on it. You're right...the continuous bullishness in the market has been stupefying. Glad to hear you're on the mend and have made peace with your losses. Doesn't help to dwell on what's happened, for sure. GL Nice to get such an overwhelming response to my poll:-)
You won't find a finer long TVIX bag holder than me :) It's been an expensive learning experience past few months, but I'm with peace with it now. I'm letting it ride to zero. Been rebuilding my cash account while watching the market go up up and up in disbelief.