I know you are wishing for something like that but FEARis back in the markets and there will be no split and price will not dip below $2. On the contrary it will rise to double digits in 2016 but without the split.
Finally some words of wisdom on this board, but QE as it stands is over and FED is trying to get out of a self inflicted money printing situation as liquidity is in abundance to say the least . Money is parked but not not in the banks but at the FED in the form of Treasury bills purchased during all QE fazes. National debt is rising every second and US cannot sustain the deficits not covered by GDP as there is simply not enough of goods and services being produced fast enough as government spend more then it takes in and getting very close to the point of no return as Natioanl debt plus all the unfunded liabilities are pushing over $150T . Unfortunately all this leads to an eventual dollar collapse and we have no one to blame but ourselves. BREXIT was just a small preview of what is to come and the down spiral has already started with Britain and will translate into EU along with US markets.
Rico Governor Alejandro Garcia Padilla declared a moratorium on some debt payments, just before $2 billion in principal and interest payments came due July 1. Washington took action after Puerto Rico stated in 2015 that it was unable to pay its borrowings. Two agencies defaulted before the commonwealth first proposed a voluntary plan in February to slash the debt load almost in half by repaying 39 to 72 cents on the dollar. Then Puerto Rico upended months of negotiations by passing a debt-moratorium law that suspended payments to investors on a wide swath of bonds.
I am a buyer at $2.03 , this is going to be a huge payoff very soon. Markets are inflated once again, hello 2008
I subscribe to the theory of buy when everyone is fearful and sell when they are happy, work in opposite with TVIX as you are all aware.
Well markets are happy once again courtesy of the FED and central banks around the world assuring the markets of all OK situation, it is NOT and far from it.
Just looks at the 10yr Treasury at 1.43 % and any economist will tell you that this is a problem.
SP and DOW are once again at all time high with US debt growing exponentially.
BREXIT was just a start of a major downturn and the end of FIAT money.
Sentiment: Strong Buy
I am going to have the last laugh when you are scrambling to cover your shorts and price of TVIX is rising so fast that you cannot get your orders filled. My cost is in the low $3's and I can wait as long as needed.
Dollar cannot be strong when the US debt is so high, safe currency os no longer true.
It will be second shoe to drop in 2016.....
Goes up 900 and will go down 2000-3000 in 2016
Just wait and see where we are by end of summer -September time frame.
Election or not it does not matter when world currencies are collapsing and debt is out of control.
USD will be unfortunately next to fall....
of a huge downturn and lit a match under this tinder box.....markets are started their collapse last week and nothing has been resolved.
Volatility and Fear will rule in 2016 and market will fall hard to the tune 25-30 % initially for 2016.
Get ready for SP at 1500 levels.
Next year will be even more interesting as there is no more bullets left for the FED to fire if they don't raise interest rates to fix the dire situation with over supply of printed funds.
They will tell us that everything is OK and economy is working while not presenting true numbers to the public and inflating this market bubble even more.
My money follows legendary investors like Soros and Icahn and they are all heavily shorting the markets and buying GOLD.
Sentiment: Strong Buy
Markets will see 1800 before then see 2300 and that will push TVIX to $10-12 before the split ever comes in the picture......
Exactly, selloff is only the starting point and FEAR will rule the markets in 2016.
Oil glut, currency plunging, geopolitical risks, FED printing money , BREXIT just to name a few........
It will be of Monumental Proportions and what just happened with BRIXIT will feel like a small thing.
SP and DOW are going hard down before summer is over 25-30 % to start.