Ever Notice How VXX is bid down in lockstep with S&P being bid up?
The manipulation is so blatant but you would have to be an idiot not to play it to your advantage. In and out quickly is the way to go. Never, ever hold this piece of #$%$ long for any significant amount of time.
I think the Fed and their minions on Wall Street do this to try and convince us that all the colatility in the market has been removed. I knew today that there would be a huge battle at the 1500 level in the S7P and that the Fed would win.