Keep in mind that, ahead of last week’s vote, hedge funds were reportedly massively short volatility futures. Still, on Monday, anybody expecting to get a bigger lift from either the VelocityShares Daily 2x VIX Short-Term ETN (TVIX) and the the iPath S&P 500 VIX Short-Term Futures exchange-traded note (VXX) are likely a bit disappointed. These instruments track VIX futures and are up only by about 3% and 2%, respectively; typically, these pops are much larger in magnitude.
What is being said makes little sense the VIX has not received a Pop to short yet and the people who shorted earlier should be pulling profits now.
This is Manipulation and a scared one at that... hang in there and finally win with this market.
No you have been right 2x today... all the short ETF's etc are manipulated... this stock should be up at least 300% on Economy outlook alone. The jolt today is to fool people out of the market by forcing the price down. Hang in there and wait they will have give in because the market is over priced by a bunch and needs to fall 50% to be anywhere near normal and then you subtract the bad news. What you see fall is fat... this is it it has to fall now.