and not some small print
Any product that you buy can go to zero. If you don't know that, you shouldn't be trading.
i heard prospects says it will go to Zero some point in the future.but, people buy VXX for rapid short term market correction.wise way to play is to be on short side all the time, but time it when to short.
It is in regular text. You must read the 272 pages. What do you think this is the Casino?They do not have to provide disclosures in a casino, most participants are on Old Age Pensions or in wheel chairs.Here in World Markets you must go to "school" They tell you flat out - "You will lose all your money."I think they even tell you that decay or backwardation as they term it occurs like 95% of the time. I'm short for the rest of time I think. I should be able to recognize the 300% upswing if it occurs. Until then I'm short and enjoying a nice weekly dividend that is guaranteed!I couldn't short FAS and FAZ which are the same type of product so I was releived when I could short this puppy. Not only that, Bernake has created the most safest environment EVER in markets.It would have been illegal for him to say, "Go buy stocks everyone and houses, I have your back." Buty that is what he said and smart money nows it...