that is a really bad recommedation. For VXX to double in two weeks, S&P needs to drop 4%-6% in the same period. There is no way that will happen. There is not enough 'bad news' in the market right now. Most companies are beating earnings. China is still growing, euro debt fears quiet. Treasuries and gold and stocks all down today - which means billions of cash are now available to go back into the market. No way we get a 5% S&P drop in next 2 weeks.
You tell him phillip. Never buy VXX. Especially the day before friday which is usually a bad day for VXX. Especially when job numbers are good. Especially when government will prop market before it can pullback much. This was a needed pullback for market to get worry warts back in thinking this is the big one. But its just a pause before 12k.