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I don't know Happy. Would you want to buy if I am starting to turn to a short ;) This is such a crowded trade and EVERYTHING is baked into the volatility.All known factors. North Korea Nuke Test, UK Recession, Dutch Government being dissolved, Europe practically in recession, Spain/Italy bond yields, etc, etc, etc.The result are lowered volatility. This is a fact. If that stuff can not move volatility. I do not see a catalyst that can.
agree wes. not to mention, this type of short-lived rally is just what is needed to exhaust the market, and send it DOWN. welcome this runnup. larger correction now looms. GLTA
Bet this hits somewhere just under 19 tomorrow. I'm not a player in VXX, just like to read and sometimes throw my 2 cents;) out there. GL
it's sad none of you get it....our markets are ONLY being propped up by the FED's money printing!!!The day is coming VERY soon where the rest of the world will no longer stand for the COUNTERFEITING and REJECT the USD. Gonna be fun watching all the sheep head for the gate at once.
People have been saying this since Dow 10,700. They'll be saying it at Dow 20,000, 30,000, etc. There will not be a serious correction in our lifetimes. Even if there is a minor 5% drop, which seems impossible, VXX will decline from contango.