if uvxy was going to jump like that, we wouldve have to heard stories in southern europe of people taking money out of their bank accounts. now, cypress will probably do this tuesday(bank holiday today)' but as long as spian and italy remain calm, the central bankers got no worries and neither does the mkt.
It's not a stock though, tucsonlighting747. That's why I don't understand why people always set price targets like it has fundamentals to it. It has no intrinsic value. Its fair value is where it is at. It is never overbought nor is it ever oversold with all things being equal.