Welcome to the 2013 graduation classs, I bet most of these newbies we had at year-end have already graduated with the highest honors. Others are just entering the program, but before you know they'll finish successfully.
Congrats once again for you wise decision to go long VXX
I disagree with both of you. The net asset value is already in the books at 38.65. That means right now you can buy something worth 38.65 for 37. I expect big players to continue to bid VXX up after hours tonight and in pre market Monday.
I don't know what you mean by "it will open according to the spy/vix index." The net asset value has already been determined as of today's close and it is 38.65.
What a sucker move.
Market will open flat on Monday, this spike down in S&P futures is one big trade in super thin trading.
VXX will be at 34 by the end of Monday. The selling is what has given us 5 down days.
There is no fiscal cliff, its smoke and mirrors. There will be a retroactive deal in early Jan, everyone knows this.
We are printing 100B a month, that much loose money, the markets are way too flush with cash to go down.