The premium gap on TVIX's NAV is closing. It was $11.0636 after yesterdays close. Considering where the VIX is settings and that its been up lately shows that something is stirring the pot causing it to ease north.
You own 550K shares ($700K) of a penny stock ? If that is true why are you on yahoo finance? Sounds more like you are in an investment club pulling the ole P&D.
Calm down dc. It is hard to face the truth. You asked what it has to do with PG? In the last down turn PG went from 73 to 47. That's almost a -40% lose. I agree that if you are going to invest in S&P stocks PG weathers better then most and it has a decent overall return. The difference is we may not come back in 5 years after this next downturn. Part of our recovery this "next" time will not be with us on this next down turn. Do your homework, and you will see. Good Luck and by the way tell "thid" to bring it on if he wants to debate me on this issue. Its going to happen as soon as the 80B slows or the 1st credit card doesn't pay. Have a great day!!!
What do you think? Does it feel like just one set of trains running bypassing most of our economy. If the train is late commerce is affected and volatility factors arise. All you see is trains coming from and to Washington and you think, Boy! that's a lot of trains going to one city. I believe its called the 80-B and it goes non-stop 24hrs a day from Washington to Wall Street.
How many credit cards would you have to have to get yourself into financial trouble. Go one step further and imagine you do get in trouble. Let's say you went from 3 to 5 cards and maxed them out. Now you cannot pay your house payment and utilities without obtaining other forms of credit and you played this game for 60 years. What would you be called if that was even possible??? THE USA. We have a problem that appears to be unfixable without defaulting because we may not be the reserve currency much longer. This problem is so much worse than 1929, 1987, and 2008. So much so we may not recover?...It may happen, and it may happen very soon. If this sounds impossible, do the math and pray. After you do the math you will see we may eventually have to default, just like most that go in to bankruptcy.
The CBOE provides the following formula as a general example of how the VIX is calculated:
Most of these ETN's are trading above there NAV, so what's new. For a market where the VIX is near its low in a extremely volatile market and 17T debt and 200T UFL's its got more then 35 days. The only reason we are not at 4000 is the 80 billion monthly cash flow. These contacts are pathetic and rollover fees don't help, but it is October? Anything can happen!!! The medium term inverse ETN is doing fine, because its a little harder to fix the digits. VIX verses S&P is slowing reversing the last 2 days. Maybe that correction is coming real soon.
Take all there money away, give it to the shareholders, and put them in a cell with Bruno and the boys for life would be better.
How many times was the VIX down 30-50 cents and TVIX was down only a few cents, yet for the last 3 days its dropping like a rock at an unbalanced rate that different from a historical basis...right? I know the volume is higher, yet the values are very much higher!!!
Check out the daily trading. They will adjust the trading levels. S-buys can always get in lower/higher before lunch at the close? They do not even try to hide it anymore. The volume was high during debt ceiling negotiations, because they already knew the deal was done...right?, yet the public heard everything but that. This market will fall below 3000 the day they raise rates and that will probably be China's say...not ours...right?