and looking forward I like what I see as far a volatility.
North Korea today South Korea - Make My Day
Italy vote on Feb. 24 - Socialists take over and hello "default"
Sequestration March 1st - Both Republicans and Democrats say "Cut Defense" and it will happen
Lastly, Europe back in the spot light and this time they can't hide runaway deficits in Spain, Greece, Italy, Cyprus, etc.
Lots of valatility coming your way. Complacency costs $9.09 a handle but when FEAR hits, and there are lots of good reasons (as you cited) for it, this inflated market will drop and UVXY could be about $19 on the upswing. It will be a lot of fun to watch. The market is grossly overbought and UVXY is a coiled spring here at the lower bollinger. They did the exact same thing before the last pop (little trading right beneath the lower bollie and then KABOOM)!