My God, VIX is up 50 cents and its down 35 cents. This fund was meant to go to zero...right? The futures market must not look at real numbers. Traders have a full backing from the fiat currency, which currently has a AA status even though we cannot pay our bills. VIX appears to be a scam, and TVIX is a scam and a half. What premium out there is gone. 85 billion a month of borrowed money, Chinese watching us closely, and US currency losing ground on a daily basis, while our liabilities increase. We have a 17 trillion dollar debt and up to 200 trillion unfunded viabilities. The VIX has the audacity to pose a number of pure harmony. Right... NO VOLATILITY!!!
How can TVIX lose money if it is buying futures based on current market volatility. Do they just guess at a number to put in the futures so people lose for sure. Isn't it perceived and based on future numbers and trading activity. Ohhh...I keep forgetting about the 85 billion, which makes TVIX a "LOCK"