Only in Yellen's bubble could there be an instrument which is guaranteed to drop constantly like VXX. So much for arbitrageurs making the market efficient, they haven' figured out we're in a permanent bubble.
Man, he only made a penny in yesterday's drop. I bet he loses two pennies or more today. He needs over 50% gain to get back to his 2009 nav, I guess the market needs to drop close to 75%.
By tank, do you mean we will go under 2000? In my opinion it will never drop under 2000. Never.
Don't make the mistake of thinking that fundamentals matter. She will never allow stocks to have a material decline again no matter what occurs.
Look at the market cap for a company with such low sales, and no profitability. The Yellen stock market bubble truly has lifted everything, even the turds.
You had me until you said some day rates will rise. I guess if you mean they'll rise maybe 0.25% or something. When I talk about rates rising I mean they won't rise to 2% for decades. I'm talking 50, maybe 100 years. And this guy comes out and says 940 fair value for S&P? insanity.