OT for traders: Not too late to get on the TVIX trade
I don't think the relatively small fiscal sanity faction in congress is going to cave as easy as last time. The current deficit spending levels are not sustainable. The White House has fired the first shot over the bow of negotiations by stating its refusal to negotiate. In this case, if congress does nothing it will actually be the president's fault. Monday could be an even bigger day than today for TVIX.