VIX +39% at current. Good for UVXY, I think. We'll see if this trend continues. If not, UVXY is toast. If so, then some compounding could happen through the summer, at least.
I guess my UVXY hedge is something I am OK with losing, now that I have a majority (about 95%) of my portfolio in cash and in TIPs, which are doing pretty nicely. I am also getting better at Forex trading -- doubled my account two months in a row.
"Bryan is not the right person to trade uvxy."
What do you suggest as a Buy and Hold for a falling market? What else is there with less risk and a similar return?
There are three universal values, given to man by God: 1), Life, 2) Liberty, 3) Pursuit of Happiness.
Me too... I'm holding UVXY for the long(er) haul. I know it's a decaying instrument in a rallying market, but it's also a compounding instrument in a falling market. My average entry price is $24.
"Where would you like the President to work?"
:-) The key words in my comment were 'King' and 'dictate' -- not, White House.
The market is less and less affected by jawboning. They will have to actually do something to make their jawboning more effective in the future. Look for some kind of miniscule rate change in the near future, which will somehow be offset with other changes to whatever. Then they can say that they did something and everyone will be happy for a few months. The can gets kicked yet again down the ever-shortening road.
P/E used to have some meaning but not lately, when CBs have skewed the money supply and suppressed inflation so as to make price discovery pretty much impossible.
I'm still all in UVXY at $25, which makes me a little nervous when it's $10 below that. But I think when this bubble pops, it will pop big and VIX will rocket back into the 20s easily, if not higher. Could be months away though. Keep holding. :-)
omg you guys are still going at it. Don't you get tired of bickering? I'm sure everyone else gets tired of reading (or ignoring) it. :-P
It looks to me now like they are really trying to punch through 2115. If that happens, I think new all-time highs are in order. Get out your 2150 hats! :-)
I think more QE would solve all their problems. ;-)
Or not. A rally tomorrow that breaks 2115 and then I think we're off to the races to new all-time highs. 2100-2115 will be a tough nut to crack though.