If you look at historical numbers, a recession seems likely in the next one or two years. This is a very long time to go without a recession and the recovery is very weak. I would love to add to XIV in the 30s or even 20s but I really doubt it.
The wild card is backwardation like we saw in 2011. That would change the equation a lot. Generally VXX and SVXY are mirror images in the short term and VXX increases half as much in percentage terms as the VIX. Figure if VIX went from 12 to 20 right now, VXX would rise 35% and XIV/SVXY would drop 35%.
I believe he is at exactly 100% on his bullish calls. In late 1999 and late 2007 he said stocks would go up 50% in the next couple years.
Jury still out on that? Heck of a dump today.
Can you imagine if you were the government clerk who had to go fetch her sweaty burritos and then sit in her office with the door closed while she rips the most noxious farts of all time? That poor guy/gal deserves all the government perks available. Turnover in that position must be high even in this job market.
Word is our friend Janet had a sweaty burrito and is about to launch some noxious dumpage on bears today. Day after day, most important man in America is the government lackey that fetches her high fat high cholesterol meals so she can drop a load on bears.
He really is. He is going down with the Yellen steered ship. Got to give him credit he will fight to the end. Even if AUM gets down to 20 million he will fight, fight fight. And then he will fight.
he's been bearish for ages. market has passed him by. Word is Yellen had one of those breakfast burritos that rock her world and she may be getting ready to fart on the bears today.