Thanks Joey as always for the ideas for further research. Very surprised how fast XIV is rising but I'll take it! Good day to all!
looks like I need a futures account! XIV may be headed to single digits according to "some" bears!
VXX went from up 1% to down 2% to up 2% and is now up 1%. This all happened in about 10 minutes. Something is scary with this market.
Market has lost its mind!
Wow! Strange days indeed!
that sounds good! I am not as knowledgable as you so I am just in the XIV/ZIV combo. I am very surprised the Fed seems to be hinting at more QE. I think this is very harmful for the economy in the long term, do you agree? I still am a big, big believer in XIV 30% per year and ZIV 20-23% per year so they're nice holds!
looks like they knocked it out of the park but the stock is getting hit. It certainly looks like AAL will continue to drop unless this stupid S&P 500 can reverse the drop. I do think this is worth $50++ but I am wondering if we go a lot lower than 30 first. What do you think?
It almost seems too late to sell DAL or AAL now. Already down so much from the highs, lost 1/3 of their value.
This is awful.
A lot of people seem to think it will. Penny for your thoughts?
Right oh! Couple of questions I have been wondering about. First of all where do you think the futures would go on a Black Monday type scenario? I know it supposedly can't happen with circuits. Do you think VXX would double in a day like 1987?
Second how long do you think backwardation is going to persist? It's really a big force right now working against XIV (and possibly ZIV, I have not checked there). John Hussman says we are going to 1000 on the S&P, I sure hope that's not right because a lot of folks will be hurting really badly.
I think this will be $200 in 10 years. No idea where it goes in the interim. This market is panicking.
Could also be because of the economy, who knows. Listen, I'm with you. Think it's a cheap stock. If DAL affirms guidance AAL probably won't cut.