God awful job #'s, N. Korea Nukes, Europe Crisis - I Give UP on Uvxy
Only up 5% now and if you bought at market open you would of lost your shirt (again). You will never ever find a more perfect day for the market to sell off other then today. The Dow should be down 250 plus points but now only down 80. With the threat of war in Korea, more workers giving up on finding work and Italy, Spain, Greece all way underwater, the market should be in a free fall. So long Uvxy - you don't move down on negative market news or crisis market news. In fact you pretty much don't move down on anything.
Assume market will be up 100 points on Monday since the world did not end over weekend, Sun still comes up and Bull rages on as usual.
This is the best rant I've read in a while... Fricken crazy stuff. It actually makes it very hard for me to invest in equities even though there are tons of cheap stocks out there especially in techology which was never really part of the rally.
I think most of us are bears. I make bullish calls because I have come to the realization that all of my huffing and puffing will not blow down this house of cards. The house of cards will fall some day but I just got tired of losing money trying to predict the exact time it tumbles. As soon as I see the cards falling (they seem to be getting shaky...) I'll be right there with you. Until then...I'm not fighting the fed.