How is that even possible, if that's the case then every etf should just be shorted, it's makes no sense unless there's something I'm missing?
80B per month ! Need I say more.
the problem is 'contango.' the vxx must constanly roll over contracts into the next month. buy high and sell low. it will lose 60% of the days it trades. since inception wiinng trades buck 11-8 odds. better to bet football!
Simon Potter at the NY fed has been ordered by the Snake to crush volatility.