Looks like it.
Should be a monster rally on Wed.
Futures are in backwardation by 75 cents or about 5%, and VXX still couldn't go up today.
You were calling for a crash months ago. How do you have any money left?
At some point VXX could very well double this year. Been a long time since it was in backwardation for more than a few days, and been a long time since a 10-20% drop in the market. Maybe this week was the start of a big correction.
Do you have a target for the market drop, Wes? Could we see below 1700 on the S&P in a month or 2?
I thought he dumped a lot at 9?