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iPath S&P 500 VIX ST Futures ETN Message Board

  • empire2008 empire2008 May 21, 2012 2:15 PM Flag

    Bull markets born from the worst of times.

    The start of bull markets occur when everyone thinks the world is ending. Is that time now? I would say that the negativity is off the charts and markets look FORWARD, not back. Translation? You can stay short and try and catch a quick down move, but the bigger and much more profitable move is always staying long for a longer time period.

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    • With the VXX trading around $20, negativity is hardly "off the charts." I would say that investors are rather cautiously optimistic. It's true, however, that a bull market should climb a wall of worry (if there's no worry, then watch out).

      • 1 Reply to yardbird09
      • bear markets (like the one we are in) are known for powerful short squeezes like today. They suck you in. You just have to step back and ask yourself. ' what has changed in the macro environment today to jusutify the rally'

        I cant see anything that has changed in Europe. We were technically oversold and a bounce was due.

        The Euro crisis is only just warming up IMO. I am hoping for another 1% move higher in S&P this week and I may cover my remaining VXX short and add to my FAS & TNA shorts.

 
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