I don't think it will drop today. Next week though seems like a good bet. As long as Russia doesn't nuke Ukraine this weekend, I would expect a VXX decline next week especially with expiration.
I hope that doesn't happen! If the market crashes we are all in real trouble because it's the only part of the economy that is doing well.
Just a hunch I've got.
Good job! Looking good on that TZA short! I am not sure I agree on the Grantham characterization. He has the best performance I have seen over a longer time period so he must have been bullish at various times. Let's hope we are not in for a bear market because this so called economic recovery, which has not really been a recovery, is fragile as Hades.
My guess is flat to higher, probably not much higher the rest of this month. Ukraine is just a convenient excuse. Everybody knows the US will never send military in.
Something drove a huge move off the lows, could have been just the usual Fed injections or could be an emergency meeting tomorrow over this correction.
Good job Janet.
Let's hope in 10 years when the market has crashed again and the economy is ruined people remember to hold the Fed accountable.
Sounds as plausible as anything. This is unchartered waters since the fed is illegally juicing the #$%$ out of stocks. All world markets were crushed last night, futures were down 12 on s and p and they close it green and now tonight they are up huge again. I am guessing they take VXx down under 40 the next week or two.m if they lose control at some point VXx could double maybe but I'd be surprised. Its an odd thing when everyone knows the market is overvalued with Russell 2000 pe of 80 and yet up we go. I believe the fed has ruined the economy for the next 50 years or so. I do not expect to see a strong US economy in my lifetime. I hate the fed so much they have forced many retires to work until they die too.