This product has brought me my largest trading gains this year being short. I am not in on VXX right now but I am long everything. I was hoping for some craziness to ensue but we are set to rocket in markets way above 14,000.
Enjoy the short VXX and hope you're all enjoying this awesome market! You've seen nothing yet - and never before have things been so telegraphed and told to you ahead Of time!!!
No not scared but feeling a little greedy so soon after pulling a 50+% profit. That's all. I'm in short VXX in a way by being long.
You are right in your assumption that this is not based on economic reality. I am betting long on some long bets in anticipation of unified Euro-bonds or the development of new currencies. The only reason one would take negative interest rates to lose now such as the Swiss Frank, would be because you see the creation of a new currency down the road that will yield you 25% or greater!
This market will continue to zoom as long as we have high unemployment and 0% Government borrowing rates such that they can food stamp the people into eternity and you know they will!! Jobs are bad for stocks. A big jump in the Averages is coming.
They have to run the market until end of fall because next year all taxes will go up. Fake rally for three more months.I'll go short around the end of september and go deep in October.This is a fake bull market for another 1000 points easy.