But there is no erosion looking at an intraday period. Today is pure BS, the computers are just going nuts. In no way should this be down OVER FIVE PERCENT with the DOW and S&P both in the red. Absolutely no way. I could appreciate a couple pennies but this is a huge down day here, no sense at all.
Who in the hell here is talking about an "investment vehicle", we are talking about what is happening TODAY how this is doing exactly the OPPOSITE to what it is supposed to do. How can you even trade this when it is just a coin toss to what it will do?
So please just #$%$ with your smugness.
I truly am speechless. An ETF that is supposed to be going up when the market is down, I'd appreciate if it was down a couple pennies maybe but this is down FIVE PERCENT with a red market.
Except it isn't, the VIX has been green all day and TVIX is down hard, down 5% now and dumping, and the VIX is up 2%.
Markets red and TVIX is now 6.03 and non stop selling, this is utter bullsheat.
Doesn't matter, markets dumped, dow down 60, S&P down 12 and this STILL never got positive, one very short lived spike over a few minutes and now back towards low of day. This is complete utter nonsense.
Market rolled over, DOW was down 60, S&P was down 11 yet the TVIX never even went green for the day and now with toe DOW down 35 and S&P down 4 this is back to 6.07.
Someone 'splain this to me.