Today is just more evidence that investing in ETN's like TVIX is like being in a PSc. There is probably no money left. Is CS paying people as that get out with the ones getting in? What other reason would it be to loss 68% of the times the VIX was up and its a 2X. If it was not a 2X fund it would probably be 95% Would you invest with someone that said there is a 68-95% chance you will lose your money, and 100% chance if the VIX stays within a narrow trading range...right?