Did anyone pay attention to the news on cnbc about Detroit going bankrupt?
I personally think this can get pretty serious.
Any have any thoughts?
Google Microsoft getting bashed after hours......vxx should rebound a bit tomorrow
Any volatility spike would be short term at best. Reading the WSJ articles on this bkcy, it seems 100% certain. Bondholders and retirees are screwed. I don't see any real effect for VXX, this turd is designed to cycle down to zero.
"this turd is designed to CIRCLE down to zero"
Sentiment: Strong Sell