If you notice, TVIX is trading at a premium from VIX, which means somebody really want it to be UP in short term or they know something.
WS is acting like they just heard Iran's news. I guess in a bear market every news, new or old, is bad news. WS just finds a reason to tank. The more underlying agenda is the china hard landing and it's contagion effect on the rest of the world.
surprising that VIX quickly recovered from a 10% drop. Volatility is unreal in this market. US market trade like underdeveloped country's market. We haven't had one material bounce in long time.
Only China devalues its currency and they have paid a price for doing so. USD will rise one way or the other. I agree that dollar rise has added fuel to the fire for the demise of oil industry.
This is what i thought too. The asset bubble must be popped before it impacts the economy 2008 style. Janet has repeatedly mentioned that equities are rising beyond its valuations.
However, $30 oil does seem to hold for some reason. Maybe shorts are covering or macro economic events are creating a bottom. I believe oil will need a violent blow to breach the $30 level. oil has gone done in straight line, which is unusual. There has to be some covering before a down turn continues.
no, because the PCLN sentiment hasn't soured on WS, unlike GPRO and AMBA. It's all about sentiment. Numbers and EPS means nothing much on WS.
PCLN went up from $1100 to $1470 in couple months, that's a $370 increase or 34%. Losing 10% is still a joke. Going down $200 or more in a month is a bit of a move, anything less than that is a non-event.
I think PCLN should have been $1200 by now. Single digit grown and hugh miss on EPS doesn't warrant $1300 price tag.