You've obviously have not been around here very long have you???
HAHA! If you need any more of a clue other than today action... DOW DOWN!!! UVXY DOWN... UVXY got way ahead of itself on this last runup... Longs are gonna get killed and then they will be saying again... what a SCAM UVXY is... when it is only doing what it is designed to do.
Down now... :) Wait till the market recovers a bit... UVXY will drop below 19 before you know what happened.
Just my opinion of course... but mine is as good as any of those talkings heads on CNBC.... again... in my opinion. :)
Nope... not all... Oil wasn't being produce in the capacity and more importantly as efficiently as it is now. There was not Shale production like there is today. We as a nation are becoming energy independent and it's crushing those outside the US. The US is going to do well. The economy will get a boost from lower oil and that will translate into more folks having more money to spend. Add to that the cost of manufacturing will also go down and more companies will be willing to manufacture here in the USA. And... given the prospect of being able to be an exporter of oil will be even better. In the past... folks look at oil as bad thing because using less oil meant a shrinking economy... but who anticipated the drop in oil coming from the increase in production from the USA due to the efficient extraction of Shale and Fracking. OPEC no longer is in control... now we are a player and the markets reaction is one of confusion and lack of precedent in my opinion. Once it gets its footing... next week I believe... we'll be off the races again for 2015.
Hey... we gotta have the influx of new suckers in order keep UVXY going and have these opportunities to short again,,, otherwise all our reverse spits would dilute us to much... but hey... just like Amway... there always someone willing to buy into the dream!
I don't like it rising... I've been shorting it forever... Why would I want it to rise when I want everything else I mentioned to rise. The only reason I want UVXY to rise is to short the spikes, which has an will continue to work well. Check my prior posts... I've been around here a looooong time. I lost a ton in the beginning years ago but quickly learned. Like I said... just check my old posts and you will know I understand UVXY well. I am one who actually read the prospectus (after having my #$%$ handed to me) and understand what the ETF is designed for.
RH - UP
GPRO - UP
FB - UP
TWTR - UP
BABA - UP
SWI - UP
AMZN - UP
YHOO - UP
CMG - UP
LULU - UP
I can go on and on with my list that I track. DOW down 213 / S&P Down 19 and still these are UP
Will you still post as it goes down???? Let's start at 29... whatdaya say?
Idiot... each time I see someone post this is going to 100... I'll post IDIOT!
King... come on... you know where UVXY will head... down down down... Santa Rally looming next week. Low volume week after next is going to kill UVXY.
Relentless punishment of shorts... PEs don't matter these days... market again... next year... going UP UP UP. Now that the Fed is not as relevant and the liquidity pumps turned off... the Saudi's have decided to help us out and crash oil. Almost like turning on the money pumps again.