I absolutely think this hits at least 30 if not 35 or 40.
That's backwardation for ya.
But why do you think VIX will hit 40? They are saying even if sequestration happens, it won't be that bad. What else would cause VIX to soar?
Gas prices moving further to the upside and unemployment moving to the upside.
What is your estimate for VXX by end of Friday
Sentiment: Strong Sell