Never try to call a bottom...especially with all the bulls*** that is going on the world with Britain and our own election.
up 143 points on the dow and the S&P is up 19 in premarket. I hate Seeking Alpha.
I think his point is one about the bullishness of the broader market not necessarily just about the DOW. If the bulls are running on the DOW then they are typically running on the nasdaq & S&P.
Do you see that article on the VXX page about "Why Volatility is to remain high"? What am I missing? "Remain" high...I don't get it.
Not only Pete Najarian but this less-famous piece of dog**** Josh Arnold from Seeking Alpha.
Two things...the market is not really down today, it's flat. 2nd, the market being down is not the same thing as there being volatility which is what the VXX tracks. Just because one is down, doesn't mean that it's volatile.
There's a blog post by Josh Arnold saying that he was buying volatility because a selloff was coming. NEVER believe anything coming out of Seeking Alpha...they are like weekend warriors who aren't real soldiers but play one on TV.
I'm not sure to be honest...I bought at $17.12...my guess is probably as I keep hearing the chatter about volatility is going to pick up. Do a google search on VIX or volatility and read some of the news articles. My guess is yes but I'm surprised it's not happening now.
I think the fed may ruin the party on volatility if they come out and are mostly quiet...We need to see some disagreement amongst fed bosses for volatility to increase. Doesn't look like missed earnings are going to be enough...or at least have oil tank again which I don't think is likely.