You could be the dumbest Yahoo poster ever. Do you even realize the odds of that?!! Almost like winning the lottery. Here. We longtime longs (in appropriate weights:) hereby crown you Prince Of Fools, the sequel to Ship Of Fools....because your "ch@t for brains" sailed long ago!! Lost at sea too!! lol.
Very rare cameo Doc. Only for you, and yes, you MIGHT miss a "pop" up on long sued of UVXY, but never rationally use UVXY as a proxy for a Bear Market. You might win the lottery ticket and be there at precisely the right time, but if you read the Prospectus and pull up a Max Chart(admittedly didn't exist in 2008), it is designed to deteriorate, reverse split and degrade. If you're convinced the Market is going down, reverse SPY, QQQ, DOW, or IWM products reliably track down direction quite accurately. UVXY is based on future months VIX levels, and is prisoner to Contango, or the less frequent and less long-lasting backwardation.. The only Winnng position(short of a meteor) that can be held long is short, and one must be quite flush to endure paper losses and leveraged issues.Even in a down market, volatility subsides. It's for degenerate gamblers and very rich and non-leveraged longs who, in times of rising UVXY (usually short-lived) just sell calls against ridiculously amassed LONGTERM paper profits unless already skimmed. Special deal Doc. It's not a "stock" or even a normal ETF. This message will self-destruct shortly:)